Firms in the construction industry were the worst debtors in Q4 2014, after the proportion of the sector’s severely delinquent debts climbed to 27 percent from 18 percent a year ago, said media reports.
According to DP SME Commercial Credit Bureau’s latest report, severely delinquent debts are defined as loans overdue by more than 90 days.
Furthermore, the construction industry’s Days Turned Cash National Average (DTC), increased to 45 days during the last quarter from just 32 days in Q4 2013.
DTC gauges the number of days a company takes to pay its creditor once the debt matures.
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
