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ZENODO
Article . 2025
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
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Financial Analysis of SMEs: Liquidity and Profitability

Authors: Nicole Méndez Vacacela1*, Nayely Zambrano Mosquera2, Andrés Pacheco-Molina3, Bill Serrano Orellana4;

Financial Analysis of SMEs: Liquidity and Profitability

Abstract

This study aimed to analyze the financial profiling of SMEs by evaluating liquidity and profitability indicators. For this purpose, the financial statements of 758 SMEs in the Ecuadorian coastal region for the fiscal year 2024 were analyzed. A quantitative, descriptive, and exploratory approach was applied, using the HJ-Biplot technique to represent the relationships between the indicators and the companies. The results showed that SMEs maintain a solvent position in the short term, with an average current ratio of 3.01 and an acid test of 1.99, demonstrating adequate capacity to cover obligations. In terms of profitability, an ROE of 22.11%, ROA of 7.34%, and net profit margin of 4.35% were determined, demonstrating moderate efficiency in the use of resources and profit generation. The analysis identified balanced financial profiles in the cities of El Guabo, Piñas, Zaruma and Manta, and in cities such as Guayaquil and El Oro they maintain liquidity and profitability balances, consolidating the financial sustainability of SMEs in the Ecuadorian context.

Keywords

Financial Analysis; Liquidity; Profitability.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average