In the search for explanations for the behavior of retail companies in the Republic of Panama in the face of global financial challenges, this study was conducted for the years 2022 and 2023. The objective of the research is to determine the degree or level of financial health of companies engaged in retail trade. The methodology involves using the database generated by the INEC, based on the Survey of Non-Financial Companies, for which 20 activities are extracted for the year 2022 and 19 for the year 2023 from the retail trade, in order to apply both vertical and horizontal analysis, including in the analysis some financial ratios. The results point to the recovery and stabilization of retail businesses, arguing that after the global post-covid scenarios and the war between Russia and Ukraine, commercial activities prevail in the Panamanian ecosystem.
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