Corporate indebtedness hits pre-crisis low
The statistics were published by the Bank of Portugal (BdP) this Thursday, and they enhance the fact that Portuguese companies are gradually losing their dependency on any external financing sources.
Portuguese corporations are progressively less in debt and they are gaining financial autonomy as a result of that. The statistics released this Thursday by the BdP show that the Portuguese autonomy reached pre-crisis highs.
According to the institution led by Carlos Costa, the ration between the equity and total corporate assets (financial autonomy) reached 37.9%, which meant an increase of 1.6% at the end of 2017. Besides that increase, that value is still the highest since the end of 2006, which coincides with the beginning of the data set.