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dc.contributor.authorMenéndez Pujadas, Álvaro
dc.contributor.authorMulino Ríos, Maristela A.
dc.coverage.spatialEspaña
dc.date.accessioned2020-07-10T06:42:08Z
dc.date.available2020-07-10T06:42:08Z
dc.date.issued2020-07-09
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/13125
dc.descriptionArtículo de revista
dc.description.abstractThe data from the Central Balance Sheet Data Office Quarterly Survey (CBQ) for 2020 Q1 show that the lockdown measures introduced in the context of the COVID-19 health crisis had a sharp adverse impact on the activity of the sample firms in the first quarter of the year. This led to a sharp contraction in ordinary profit and profitability levels, even reducing final net profit to a negative aggregate value, something that had not happened in the CBQ since 2002. In addition, the need to cover operating deficits contributed to a rise in these firms’ debt, and the share of ordinary profit (gross operating profit plus financial revenue) used for interest payments also rose slightly, reversing the downward trend of this ratio in recent years. The article includes a box that analyses firms’ liquidity needs in 2020 Q1 (as a result of the fall in activity, investment in real assets and debt repayments) and the financial deterioration recorded by these firms.
dc.format.extent15 p.
dc.language.isoeng
dc.publisherBanco de España
dc.relation.ispartofEconomic bulletin / Banco de España. Analytical articles
dc.relation.ispartofEconomic bulletin / Banco de España [Artículos], n. 3, 2020
dc.relation.hasversionVersión en español 123456789/13111
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectCoronavirus
dc.subjectActivity
dc.subjectEarnings
dc.subjectFinancial position
dc.subjectNon-financial corporations
dc.subjectLiquidity
dc.subjectNeeds
dc.titleResults of non-financial corporations in 2020 Q1
dc.typeArtículo
dc.identifier.bdebib000469141
dc.identifier.bdepubECBU-2020-3B-art19
dc.subject.bdeEstudios industriales
dc.publisher.bdeMadrid : Banco de España, 2020
dc.subject.jelL25
dc.subject.jelM21
dc.subject.jelM41
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