Análisis financiero de la industria textil en tiempos de COVID-19. Estudio de Caso en una empresa ecuatoriana.

Abstract

The purpose of this research is to demonstrate the impact caused by the pandemic in a textile company in central Ecuador. Its valuation was carried out by means of financial indicators recommended by the Superintendence of Securities and Insurance Companies. In the horizontal analysis, two years were compared, while for the financial ratios a period of three years was used. Methodologically, this is a case study that applied qualitative techniques. The collection of information was obtained directly from the financial statements available in the company; for a better understanding of the economic and financial reality, a dialogue was held with the current managers and administrators. It is concluded that the pandemic did not have a radical impact on the company because it focused its activity on the manufacture of biosanitary textile products useful to face the COVID-19 crisis. However, despite the fact that sales increased by 25.29% in the years subsequent to 2020, the level of current liquidity fell $1.42 and its equity indebtedness grew 63.44% in 2022. For this reason, the company has invested in large monetary amounts without realizing its level of indebtedness or liquidity. It is recommended that the Ecuadorian entity adhere to the use of the financial indicators suggested by the Superintendence of Companies of Ecuador in its analysis processes.