OECD: "NOW 536 ZOMBIE CORPORATIONS (13% OF WORLD)"
-- MATASII RESEARCH ANALYSIS & SYNTHESIS --
In 2018, the number of "zombie" companies, defined as companies with profits (EBIT) less than interest payments totaled 536, not far off the highs seen during the Global Financial Crisis (626).
At 536, the number of zombie companies in the world is 13% of total
Ominously, low interest rates and the ability of lower-rated companies to issue debt has led to a rise in the number of "zombie" companies, i.e. companies that are extremely indebted and are unable to stay on their feet without the current backdrop of historically low interest rates.
[SITE INDEX -- TIPPING POINTS - CORPORATE BANKRUPTCIES]
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