Capacity and need for financing
Increases in excess profits of non-financial corporations has strenghtened internal financing, reducing the debt burden. In 2014, they had a financing capacity of 11,335 million euros in contrast to the more than 90,000 million euros in necessary financing in 2007.
Banking disintermediation has helped to reduce company debt by more than 500,000 million euros since 2007.
At present, more than half of their financing comes from private individuals and investment funds, specifically debt securities and non-banking loans.
By sector, company financing from other companies and banks has dropped notably since 2007, whereas funding from outside sources and the Public Administrations has increased.