Incidencia del cash-flow en la probabilidad de quiebra en las empresas del sector G, de la provincia de Azuay de Ecuador, períodos 2019 - 2023

Abstract

Abstract: Making mention of this study, it analyzes the incidence of cash-flow on the probability of bankruptcy in companies of sector G in the province of Azuay during the period 2019-2023, for which the purpose is to understand how cash management influences financial stability and operational continuity. To achieve this, operating, investment, and financing cash flows were evaluated, along with liquidity, profitability, indebtedness, and efficiency indicators. Additionally, the Altman Z-score model was applied to estimate insolvency risk and compare the financial performance among the selected companies. Furthermore, it must be emphasized that the results show that a solid operating cash-flow significantly reduces business vulnerability to economic changes and facilitates sustainable working capital management. Likewise, marked differences were identified among the analyzed companies, highlighting the importance of preventive financial management. The study provides an integral perspective that supports strategic decision-making and promotes responsible financial practices.