New developments in financial statement analysis. Liquidity in the winery sector

The aim of this article is to analyse the short-term solvency large companies in wine sector period 2014-2018, two relevant Spanish wine-production areas and assess significant differences time between regions. Liquidity a direct threat financial health analysed using standard indicators compositional data, order prevent common outlier, non-linearity asymmetry problems ratios. study shows that ratios are statistically more adequate turnover indicator operating cash inflows with respect current investments outflows liabilities complementary flow Wineries La Rioja have better liquidity than Catalan wineries under study.