2014 (N = 20)

Cash maturing debt ratio

Operating net cash flow

Inventory turnover

Current assets turnover

Pearson Correlation

0.537*

−0.581**

−0.573**

−0.493*

Sig. (2-tailed)

0.015

0.007

0.008

0.027

Current ratio

Quick ratio

EBIT

Total assets turnover

Pearson Correlation

0.513*

0.456*

−0.561*

0.692**

Sig. (2-tailed)

0.021

0.043

0.010

0.001

Cash ratio

Operating net cash flow

Inventory turnover

Total assets turnover

Kendall Correlation

0.324*

−0.358*

−0.347*

0.491**

Sig. (2-tailed)

0.047

0.027

0.032

0.003

Cash ratio

Operating net cash flow

Inventory turnover

Total assets turnover

Spearman Correlation

0.452*

−0.520*

−0.507*

0.692**

Sig. (2-tailed)

0.046

0.019

0.023

0.001

Current ratio

EBIT

Quick ratio

Kendall Correlation

0.442**

−0.368*

0.421**

Sig. (2-tailed)

0.006

0.023

0.009

Current ratio

EBIT

Quick ratio

Spearman Correlation

0.571**

−0.525*

0.550*

Sig. (2-tailed)

0.008

0.018

0.012