Table 4.
Financial Challenges Facing SMEs in Regard to Reopening in February 2020, by Industry.
| Category | Industry | Major cost items |
How long can cash flow sustain your business? |
Expect to run out of cash before reopening | Observations | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Wages | Rent | Debt | Less than a month | 1–3 months | 4–5 months | Over 6 months | Cannot tell | ||||
| Agriculture | Agriculture | 16.8 | 20.8 | 26.6 | 16.8 | 22.0 | 6.9 | 24.9 | 29.5 | 13.2 | 173 |
| Manufacturing | Manufacturing | 37.4 | 50.6 | 24.6 | 17.4 | 28.1 | 8.4 | 22.5 | 23.7 | 20.4 | 334 |
| General business services | Scientific research services | 69.4 | 61.3 | 12.5 | 5.5 | 46.9 | 15.5 | 22.1 | 10.0 | 6.0 | 271 |
| Property | 55.3 | 50.0 | 26.3 | 15.8 | 42.1 | 13.2 | 10.5 | 18.4 | 18.2 | 38 | |
| Business services | 68.3 | 67.2 | 13.7 | 12.6 | 38.9 | 10.7 | 21.0 | 16.8 | 15.1 | 262 | |
| Information technology | 66.2 | 63.6 | 9.1 | 6.5 | 46.1 | 10.4 | 22.7 | 14.3 | 9.6 | 154 | |
| Construction | 46.6 | 63.1 | 23.3 | 11.7 | 38.8 | 7.8 | 15.5 | 26.2 | 19.6 | 103 | |
| Transportation | 50.0 | 50.0 | 16.0 | 14.0 | 42.0 | 6.0 | 16.0 | 22.0 | 17.9 | 50 | |
| Finance | 20.0 | 60.0 | 20.0 | 0.0 | 60.0 | 0.0 | 40.0 | 0.0 | 0.0 | 5 | |
| Total | 63.9 | 62.5 | 14.4 | 9.4 | 43.0 | 11.6 | 20.4 | 15.6 | 11.4 | 883 | |
| General residential services | Leisure & entertainment | 44.7 | 65.8 | 17.1 | 22.4 | 32.9 | 11.8 | 17.1 | 15.8 | 25.6 | 76 |
| Residential services | 29.7 | 67.1 | 17.1 | 17.1 | 37.3 | 5.7 | 19.0 | 20.9 | 33.3 | 158 | |
| Health | 45.0 | 55.0 | 15.0 | 10.0 | 40.0 | 0.0 | 15.0 | 35.0 | 28.6 | 20 | |
| Retail | 36.3 | 68.4 | 23.3 | 15.8 | 34.3 | 6.1 | 19.4 | 24.4 | 16.3 | 361 | |
| Hospitality | 28.4 | 72.6 | 21.9 | 18.9 | 36.3 | 4.0 | 15.9 | 24.9 | 31.5 | 201 | |
| Education | 57.6 | 57.6 | 12.1 | 9.1 | 27.3 | 9.1 | 24.2 | 30.3 | 11.8 | 33 | |
| Total | 36.0 | 68.4 | 22.0 | 16.4 | 34.7 | 6.0 | 18.9 | 24.0 | 19.2 | 861 | |
| Others | Resource | 28.6 | 0.0 | 14.3 | 0.0 | 14.3 | 0.0 | 71.4 | 14.3 | 20.0 | 7 |
| Mining | 0.0 | 50.0 | 0.0 | 0.0 | 50.0 | 0.0 | 0.0 | 50.0 | 0.0 | 2 | |
| Public infrastructure | 83.3 | 50.0 | 0.0 | 16.7 | 16.7 | 16.7 | 16.7 | 33.3 | 0.0 | 6 | |
| Public organization | 83.3 | 75.0 | 8.3 | 25.0 | 41.7 | 0.0 | 8.3 | 25.0 | 20.0 | 12 | |
| Unknown | 33.3 | 25.0 | 41.7 | 8.3 | 33.3 | 16.7 | 16.7 | 25.0 | 12.5 | 12 | |
| Export firms | 50.6 | 63.3 | 21.9 | 17.0 | 40.4 | 8.0 | 19.0 | 15.6 | 14.5 | 424 | |
| Non-export firms | 40.7 | 62.0 | 20.2 | 14.0 | 34.4 | 7.8 | 20.3 | 23.5 | 17.0 | 1854 | |
Note: The first three columns show the share of enterprises listing wages, rent, or debt as a major cost during the COVID-19 pandemic. All the variables except for observations are in percentages.