Madrid, Dec 11 (EFECOM).- The employers’ association of small and medium-sized companies, Cepyme, has reported that late payment increases the financial expense of the commercial debt of SMEs by 1,300 million euros in a context of growth in the average period of payment, which rose to 82 days in the third quarter.
According to the new edition of the Cepyme Delinquency Observatory, published this Monday, the financial effort associated with the commercial debt of SMEs stood at 2.7 billion euros, the highest since June 2009 and produced “despite the restriction of commercial credit”.
According to the report, of this total effort, 1,400 million euros are explained by the effort to finance sales that are collected within the agreed deadlines, and the remaining 1,300 million by the delinquent section of the commercial debt, that is, the sales that are collected beyond 60 days.
The employers’ association of small and medium-sized companies points out this effort as “a thermometer of the adverse environment in which the activity of SMEs takes place”, whose liquidity decreases due to the delay in collections.
“High inflation, together with high interest rates, raises the costs associated with financing commercial obligations,” laments Cepyme, which adds that this translates into a “double blow” for companies, as they “charge their outstanding accounts in currencies with lower purchasing power while they face an additional effort to finance their commercial debt. EFECOM