Impact of Covid-19 on Profitability and Indebtedness of SMEs in the Colombian Agricultural Sector
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Abstract
Since the impact of the pandemic on companies differs according to variables such as the sector or size of the organizations, focused studies are required to identify the magnitude of the impact on the finances of the organizations. The objective of the article is to analyze the evolution of profitability and indebtedness in annual periods from 2017 to 2021 in SMEs in the agricultural sector at the national level. The collection of financial information has been mainly done through the Integrated Corporate Information System (SIIS), the financial indicators have been estimated for each economic activity of the sector making a comparison between the averages for the periods before and after Covid-19. The results obtained allow us to identify the evolution of the return on assets and equity, as well as the behavior of the capital structure and the distribution of debt between the short and long term. This study allows us to conclude that most of the companies in the agricultural sector maintained or increased their profits despite the pandemic, without significantly increasing their indebtedness; with the exception of subsectors such as tobacco and aromatic plants, where the impact was negative.
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