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The situation of companies in the country is increasingly serious and they only have 11 days to operate if they allocate the entire cash flow of the company to fulfill all their obligations, that is, the full payroll including social security, suppliers, financial sector, contracts and Dian. In the case of manufacturing companies, it has 12 days to operate.
(Read: Acopi proposes to lower wages by up to 30%)
That is the conclusion of the Business Liquidity Survey carried out by the National Association of Entrepreneurs of Colombia (ANDI) and that the response of 238 companies affiliated with the union and Acoplastics, with operational income in 2019 of $ 65.7 billion.
(Read: ‘Infrastructure companies urge liquidity’)
For Bruce Mac Master, “Liquidity of companies at this time is a capital issue, companies are the vehicles we have to generate employment and therefore income for millions of families. If the box could be dedicated to paying payrolls and employees We would have 42 days, for which it is important to ease the commitments on other fronts. “
(Read: Payroll, priority when requesting new credits)
Compared to the results of the previous survey, it is observed that the liquidity situation of companies today with updated information as of April, is more critical as the vast majority of companies have not received income.
In this sense, the survey revealed that companies only have 11 days to operate if they allocate all of the company’s cash to fulfill all their obligations, that is, the full payroll including social security, suppliers, financial sector, contracts and Dian.
On the other hand, if the entire cash flow of the company is dedicated to complying with each of the following cases individually, failing to comply with the rest of its obligations, with updated balance information and without resorting to bank overdrafts or To pay some other expense, the companies have cash for 33 days to cover the employees’ salary and 28 days to meet the full payroll including social security payments.
In the case of suppliers, there is a box to pay 15 days and 34 days to cover the fixed expenses associated with contracts such as leasing of offices, premises, warehouses, machinery, insurance, maintenance, public services, surveillance, among others.
In loans acquired with the financial sector for 16 days and compared to the obligations with DIAN, there are 42 cash days to cover the payment of withholding tax and 30 days to pay the VAT withholding.
According to the report, in the manufacturing industry, there is an average of 42 days in cash to cover the salary of employees, 31 days to meet the full payroll including social security payments, 15 days to pay the suppliers, 38 days to cover the fixed costs associated with contracts and loans acquired with the financial sector, 43 days to pay withholding tax and 42 days to pay VAT withholding.
However, the situation is much more complex for a large number of companies. 38.7% of the companies surveyed have cash between 1 and 8 days to operate if they meet all their obligations of payroll, suppliers, fixed expenses, financial sector and DIAN, 17.1% between 9 and 15 days and 27, 6% between 16 and 30 days. Thus, 83.4% have cash to operate for a month or less.
