This was announced on its Financial System Stability Report for the month of November 2019.
The stress analysis reveals that companies resist "macroeconomic shocks adequately," expressed SBS Economic Research Department Head Manuel Luy Molinié.
He said those companies have ample financial room despite the fact that the total debt level —of the 1,018 companies analyzed— has slightly increased over recent years.
"Large companies have enough income to cover their financial expenses," he stated.
Thus, the total average of the companies analyzed by the SBS stands at 3.43.
In the
mining and hydrocarbons sector, the ratio is higher (6.53), followed by the electricity and water (4.39), services (4.10), farming and fisheries (3.73), commerce (2.56), and construction (2.38) spheres.
Of the 1,018 companies included in the analysis, 533 registered income worth between US$28.8 million-US$60.6 million, followed by 357 (US$60.6 million-US$212.1 million), and 128 (higher than US$212.1 million).