Business insolvencies climb 41% and could get worse, report suggests [BNN Bloomberg (Canada)]
Equifax, Inc. (EFX)
Last equifax, inc. earnings: 4/20 05:24 pm
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Source: BNN Bloomberg
Equifax's Quarterly Business Credit Trends Report, released on Tuesday, found business insolvencies climbed 41.4 per cent in the fourth quarter of 2023 compared to 2022, while the number of businesses to miss a credit payment hiked 14.3 per cent in the quarter. "The sharp rise in insolvencies, representing a 30.3 per cent surge since 2019, underscores the financial pressures faced by businesses,” Jeff Brown, head of commercial solutions for Equifax Canada, said in a news release. “There is a need to manage debt and adapt to changing market conditions through strategic financial planning and proactive measures.” The data echoes a recent report from the Canadian Federation of Independent Business , which found that business insolvencies climbed 129.3 per cent in January compared to a year prior, as businesses fight labour shortages, higher costs and high-interest rates. CEBA loans add stress Equifax points to the repayment of Canada Emergency Business Account (CEBA) loans for t
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- Equifax Canada testing use of rental payment data for credit scores [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
EFX
Earnings
- 4/17/24 - Beat
EFX
Sec Filings
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- 4/22/24 - Form 10-Q
- EFX's page on the SEC website