October 2010 Business Benchmark Report

10/01/2010

Tags: Business Information, Risk Management

The national avg. days that businesses paid their bills beyond contracted terms remained flat when compared with September, but this metric has seen a 10% increase since the beginning of the year.

Description

In October, the national average days that businesses paid their bills beyond contracted terms remained relatively flat when compared with September?s numbers. However, this metric has seen a 10.3 percent increase since the beginning of the year. The national average percentage of dollars considered severely delinquent (91+ days past due) has increased by 5.5 percent. Overall, there has been a steady increase (8.6 percent) in percentage of dollars severely delinquent since the beginning of the year.