Evaluation of delayed debts for enterprises in Lithuania market

Abstract

As economy cycle is changing, enterprises experience major risk. In such cases timely revenue are vital for companies successful existance. Delayed debts can cause great negative influence on enterprises financial index and reputation. In this article data of survey (in which enterprises, that use services of credit management companies, has participated) are analysed. Enterprises that use services of credit management companies were chosen on purpose, because problems of delayed debts is relevant to them. By analysing data of this research, there are established periods of how long payment delay usually lasts. Also main reasons of such delay are found. Influence of delayed debts to enterpsises are estimated as well as means of prevention, which are used by managers, so that they could avoid delayed debts. After analysis of data, conclusions are made that define delayed debts situation in Lithuania enterprises and suggests certain means to reduce level of delayed debts.