Cash-Flow Margin of Austrian Manufacturers Still Resilient in 2008
The cash earnings of Austrian manufacturing, estimated by WIFO at 10.3 percent of the turnover in 2008, were close to their long-term average. During the last years, i.a., due to rising cash flows, the equity ratio rose to 38.5 percent in 2007, exceeding for the first time the European average of 36.7 percent. Financial assets of Austrian manufacturers, at a ratio of 15.6 percent of the balance sheet total in 2007, was rather low by international standards and rose only little in the last few years. Thus, manufacturing companies are by this measure substantially less exposed to the financial market crisis than those of other countries.
Volume (Year): 14 (2009)
Issue (Month): 3 (September)
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