pull down to refresh

A new report sheds light on the harsh realities faced by private US companies, witnessing a substantial decline of over 20% in earnings before interest, taxes, depreciation, and amortization (EBITDA) from 2019 to 2022. The Federal Reserve's rate hikes have intensified financing costs, contributing to a significant contraction in profit margins for these businesses. The alarming increase in bankruptcy filings, surpassing 250% in 2023, paints a bleak picture of the economic challenges confronting smaller companies.