Incidencia del Cash-Flow en la probabilidad de quiebra en las empresas del sector C, de la provincia Pichincha de Ecuador, Periodos 2019 - 2023

Abstract

Abstract: This study analyzes how cash flow affects the probability of bankruptcy for companies in sector C in the province of Pichincha during 2019 2023. The research arose from the need to understand how cash availability sustains business operations in changing economic contexts. To address this problem, a quantitative approach with a non-experimental, correlational design was applied, allowing for the evaluation of the relationship between cash flow, debt, and payment capacity without intervening in the analyzed variables. However, a descriptive and logistic regression analysis was applied based on information obtained from the financial statements of the analyzed companies. This allowed for the identification of insolvency risks. The results of this analysis showed that negative cash flow increases the probability of bankruptcy and limits the ability to meet obligations, while indicators such as profitability and interest coverage are less decisive for business performance. Finally, this provides important information for optimizing financial management and improving informed decision-making within the manufacturing sector. It also provides useful evidence to guide institutional and business strategies aimed at reducing vulnerabilities and promoting the operational stability of organizations in a demanding economic environment.