The Debt Of Spanish SMEs Exceeds 100% Of Their Equity While Profitability Falls To 2.8%.
The latest Cepyme indicator on the business situation of Spanish small and medium-sized enterprises warns that the excessive increase in costs and the reduction in margins is pushing business profitability back to 2014 levels. Net return on assets (ROA) stands at 2.8%, lower than any figure recorded between 2016 and 2020. For reference, in the fourth quarter of 2019, the last full quarter before the pandemic, SME profitability reached 3.7%….
