Evaluación de la Eficiencia Financiera y su Incidencia en la Sostenibilidad Económico-Fiscal: Estudio de Caso Ep Petroecuador

Ximena Minshely Guillin Llanos; Karla Stefania Cedeño Loor; Jostin Ricardo Mera Ávila; Tatiana Elizabeth Salamar Zambrano; Leydi Mishell Torres Delgado

doi:10.70577/asce.v5i4.1126

Authors

Ximena Minshely Guillin Llanos Universidad Técnica Estatal de Quevedo https://orcid.org/0000-0002-7317-5990
Karla Stefania Cedeño Loor Universidad Técnica Estatal de Quevedo https://orcid.org/0009-0002-4828-6047
Jostin Ricardo Mera Ávila Universidad Técnica Estatal de Quevedo https://orcid.org/0009-0001-3662-6350
Tatiana Elizabeth Salamar Zambrano Universidad Técnica Estatal de Quevedo https://orcid.org/0009-0009-7663-6850
Leydi Mishell Torres Delgado Universidad Técnica Estatal de Quevedo https://orcid.org/0009-0007-0483-7296

DOI:

https://doi.org/10.70577/asce.v5i4.1126

Keywords:

financial analysis, PETROECUADOR, public company, liquidity, indebtedness, profitability, economic sustainability.

Abstract

This study analyzes the financial position of Ecuador's Public Hydrocarbon Company EP PETROECUADOR during the 2022–2024 period, using institutional financial information and horizontal, vertical, and financial ratio analysis. The research adopts a quantitative, descriptive, and documentary approach. The composition of assets, liabilities, and equity is examined, together with current liquidity, indebtedness, and return on assets and equity. Results show that total assets decreased during the period, from USD 20.49 billion in 2022 to USD 18.83 billion in 2024. In contrast, total liabilities increased from USD 4.00 billion to USD 5.58 billion, while equity decreased from USD 16.49 billion to USD 13.25 billion. Current liquidity remained above one during the three years, although it decreased in 2024 compared with 2023. Asset indebtedness increased from 19.53% in 2022 to 29.62% in 2024. Profitability also showed a downward trend, with ROA falling from 23.23% to 14.27%. These results highlight the need to strengthen liability management, operational efficiency, financial planning, and risk control.

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