| Groups of firms: | |||||
Active firms: | Bankrupt firms: | All firms: | ||||
Decrease in CFD | Increase in CFD | Decrease in CFD | Increase in CFD | Decrease in CFD | Increase in CFD | |
Median of growth rate: | ||||||
1) Net sales (NS) | 0.0206 | 0.0411 | 0.0099 | −0.0471 | 0.0205 | 0.0410 |
2) Cash expenses (CE) | 0.0277 | 0.0375 | 0.0273 | −0.0644 | 0.0277 | 0.0374 |
3) Total debt (TD) | 0.0525 | −0.0015 | 0.1005 | −0.0080 | 0.0529 | −0.0015 |
Median of time series correlation: | ||||||
NS − CE & TD | 0.1616 | 0.2345 | −0.2784 | −0.3355 | 0.1571 | 0.2338 |
Frequencies (%): | ||||||
1) g(NS) ≥ 0 & g(CE) ≥ 0 & g(TD) ≥ 0 | 55.67 | 43.56 | 53.42 | 37.50 | 55.64 | 43.55 |
2) g(NS) ≥ 0 & g(CE) ≥ 0 & g(TD) < 0 | 6.50 | 26.47 | 2.74 | 0.00 | 6.45 | 26.41 |
3) g(NS) ≥ 0 & g(CE) < 0 & g(TD) ≥ 0 | 0.40 | 1.17 | 0.00 | 0.00 | 0.39 | 1.17 |
4) g(NS) ≥ 0 & g(CE) < 0 & g(TD) < 0 | 0.00 | 1.40 | 0.00 | 0.00 | 0.00 | 1.40 |
5) g(NS) < 0 & g(CE) ≥ 0 & g(TD) ≥ 0 | 2.94 | 0.00 | 1.37 | 0.00 | 2.92 | 0.00 |
6) g(NS) < 0 & g(CE) ≥ 0 & g(TD) < 0 | 1.56 | 0.91 | 0.00 | 0.00 | 1.54 | 0.91 |
7) g(NS) < 0 & g(CE) < 0 & g(TD) ≥ 0 | 13.41 | 4.52 | 27.40 | 12.50 | 13.60 | 4.54 |
8) g(NS) < 0 & g(CE) < 0 & g(TD) < 0 | 19.53 | 21.97 | 15.07 | 50.00 | 19.47 | 22.03 |
Total | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
Frequencies (%): | ||||||
1) g(NS) ≥ g(CE) ≥ g(TD) | 0.08 | 45.40 | 0.00 | 25.00 | 0.07 | 45.36 |
2) g(NS) ≥ g(TD) ≥ g(CE) | 0.17 | 4.29 | 12.33 | 0.00 | 0.17 | 4.28 |
3) g(CE) ≥ g(NS) ≥ g(TD) | 31.30 | 27.45 | 10.96 | 0.00 | 31.02 | 27.40 |
4) g(TD) ≥ g(NS) ≥ g(CE) | 11.81 | 22.42 | 0.00 | 75.00 | 11.65 | 22.52 |
5) g(CE) ≥ g(TD) ≥ g(NS) | 5.67 | 0.00 | 4.11 | 0.00 | 5.65 | 0.00 |
6) g(TD) ≥ g(CE) ≥ g(NS) | 51.15 | 0.44 | 84.93 | 0.00 | 51.61 | 0.44 |
Total | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
Number of firms | 5310 | 3850 | 73 | 8 | 5383 | 3858 |
% | 57.97 | 42.03 | 90.12 | 9.88 | 58.25 | 41,75 |