Credit Manager Magazine 9/2021

57 CREDIT MANAGER MAGAZINE WRZESIEŃ / SEPTEMBER 2021 Figure 8 – Change in average debt and coverage for SMEs between 2019 and 2020 Figure 5 – Current ratio distributions among French and German firms in 2019 and 2020 Sources: Euler Hermes, Allianz Research Sources: Euler Hermes, Allianz Research Source: Allianz Research Figure 9 – EBITDA-margin for SMEs in 2019 and 2020 Sources: Euler Hermes, Allianz Research Figure 10 – EBITDA-margin distribution for SMEs in the UK in 2019 and 2020 BUSINESS