Situação financeira das empresas não financeiras listadas no segmento novo mercado da BM&FBOVESPA durante o triênio inicial da crise financeira de 2008.

Abstract

The aim of the present paper was to analyze the financial profile of nonfinancial companies listed in the new market of BM&FBOVESPA through the Dynamic Model Analysis of Working Capital or Fleuriet Model between the years 2008. The aim of the model is to analyse the sign of three variables, to know: working capital, need for working capital and treasure balance, and to do the study of signs of need for working and treasure balance jointly through of thermometer of financial situation. Through the application of model is possible to verify the company’s financial health and profitability. First were collected data of Balance Sheet of each company in the New Market website and Comdinheiro.com, after the bills were reclassified according to the kind of each one. With the reclassification was possible to know each variable, thus statistical graphs with values found were developed and analyses were made due. With the results, the research shows that companies were able to maintain positive working capital during the 2008-2010 period, indicating that, in its initial period, the International Financial Crisis has not worsened the ability to pay short term them, the change has occurred over was in the quality of financial slack, which decreases, but still exist in most companies in the study.