DEBT

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Spain: Corporate And Household Debt Increased By 1.8% In The Last Year To 144.2% Of GDP

The financial wealth of Spanish households increased by 5.1% in the last year to stand at 214.1% of GDP. The Financial Accounts of the Spanish Economy, published by the Bank of Spain, show that consolidated corporate and household debt reached €1.673 billion in the second quarter of 2021 (144.2 % of GDP), 1.8 % above the €1.644 billion recorded a year earlier (140.5 % of GDP). The increase in the…


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Which Countries Have The Highest Levels Of Corporate Debt?

A new study by Utility Bidder revealed the countries and industries with the highest level of corporate debt. Luxembourg was the country with the highest debt, at 391.54% of their GDP, whilst the restaurant/dining industry was the sector with the highest debt percentage of its total capital at 113.82%. Is covering the findings of interest? Every country has debt in many forms, such as: public debt, personal private debt, and…


Pedro mascarilla españita

Spain’s Public Administrations Owe Their Suppliers 83.35 Billion Euros; And Do Not Comply With The Late Payment Law

T.C. | More than half of the debt, 43.5 billion, corresponds to the central administration, the government, while local councils owe almost 20 billion, the Autonomous Communities 10 billion and the Social Security another 10 billion. And nothing seems to indicate that these figures will improve in 2021. In breach of the law on late payment – which requires payment within 30 days – the central government was paying in January 2021 in almost 40 days. 




Telefónica Q1'18 results

Telefonica 2016 Profit Almost 4 Times Higher Yr-On-Yr; Cuts Debt 1.2%

Telefonica posted profit of 2.369 billion euros in 2016, up 3.8% from a year earlier. Last year’s figure reflected non-recurrent items, mainly a 1.290 billion euros charge in the fourth quarter related to restructuring costs. Excluding that charge, profits rose 4.8% to 4.038 billion euros year-on-year.


Public debt doesn't cease

Living with a Debt Problem

J. L. M. Campuzano  (Spanish Banking Association) | Debt is essential for growth. And in fact, the Big Recession, which was sparked by the US subprime crisis, lies in the high level of debt generated during the previous decade known as the Great Moderation. So just as periods of expansion are favourable  for building up debt, this has to be adjusted during periods of recession (and depression).


Business Madrid TC

Don’t Worry, Corporate Leverage Only Just Back To Level Of 2007

AXA IM | Companies have re-leveraged their balance sheets since the global financial crisis (GFC), driven by low borrowing costs. Although heightened, corporate leverage is not currently excessive in developed markets, although we see signs of concern in emerging markets. In this note we assess whether we should be concerned about corporate leverage at current levels.



Abengoa

Abengoa Is Saved By Its Creditor Banks

The demise of Abengoa, the Spanish engineering and renewable energy firm, would have been a massive blow for its creditor banks. So the government and the banks have been working on a solution since the company entered pre-insolvency proceedings. The deal agreed this week hands over the majority of Abengoa’s capital to its creditors.