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Past Due Accounts Receivable at 12.14% in February (MonitorDaily.com)
March 17th, 2009
Cortera, a provider of collections and credit data for commercial enterprises, released its most recent data that assesses the overall economic health of a region based on how well companies are paying their suppliers.
The report shows that, nationwide, the total ratio of accounts receivable past due in February was 12.14%, down slightly from the 12.51% reported for January. However, data shows more past-due accounts are transitioning to “qualifier” status – which includes liens, bankruptcy, judgments, and accounts being placed for collections by the state.
According to Cortera, the number of accounts characterized as qualifiers reached 4.25% in February, up from 3.94% in January.
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