The debts of Russian companies exceeded 100 trillion rubles for the first time. Since the beginning of 2023, the figure has increased by 16%, writes Vedomosti citing the deputy director of the Federal Tax Service, Konstantin Chekmyshev.

The debt of Russian companies exceeded 100 trillion rubles for the first time

As of August 1, the total amount of accounts payable amounted to about 103 billion rubles. Accounts receivable also increased: by 14.4% since the beginning of the year, to 99 trillion rubles as of August 1.

Chekmyshev considers this trend “not very positive”, as it could aggravate the situation with the increasing number of bankruptcy cases.

In the first six months, the number of these cases increased by a quarter, reaching 62,600 as of July 1. At the beginning of the year there were 50,300 such cases in progress.

At the end of last year, accounts payable of companies amounted to 89.192 trillion rubles, 17% more than at the end of 2021. At the same time, in 2021 the figure increased by 18% compared to 2020.

According to Igor Smirnov, senior director of corporate ratings at Expert RA, the “creditor” represents advance payments and advances, which means that even in the current reality, there remains relatively high trust in counterparties.

At the same time, the expert clarifies, behind accounts payable there may be debt obligations, the increase in which can hardly be considered a positive trend.

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Author:

Natalia Gormaleva

Source: RB

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