Net 30 Blog

Top 10 best and worst states – Nevada is still the worst of the worst

October 20th, 2009 by

Today we issued our monthly best and worst states in terms of the payment behavior of companies in those states. We started this reporting back in January and one data point has been consistent: the state of Nevada has remained at the top of worst performing states with over 25% of corporate receivables past due (see below). That is over 50% higher than the national average of 16.99% past due and over 262% higher than Alaska the current state with the lowest percent past due. Simply put, companies in Nevada are paying their bills dramatically slower than the rest of the country. Nevada is certainly not alone with Utah and Minnesota not far behind.

Bottom 10 States with Highest Percent of Accounts Receivable Debt Past Due

1. Nevada (NV) 25.55% corporate A/R debt past due

2. Utah (UT) 24.38%

3. Minnesota (MN) 24.02%

4. Colorado (CO) 21.92%

5. Arizona (AZ) 21.64%

6. Wisconsin (WI) 21.37%

7. Hawaii (HI) 20.71%

8. New Mexico (NM) 19.73%

9. Oregon (OR) 19.63%

10. Texas (TX) 19.52%

Top 10 States with the Lowest Percent of Accounts Receivable Debt Past Due

1. Alaska (AK) 7.05% corporate A/R debt past due

2. Maine (ME) 7.25%

3. Kansas (KS) 8.50%

4. South Dakota (SD) 8.98%

5. Wyoming (WY) 10.24%

6. Montana (MT) 10.89%

7. New Hampshire (NH) 11.36%

8. Vermont (VT) 11.55%

9. Louisiana (LA) 12.22%

10. West Virginia (WV) 12.26%

Nevada Past Due Corporate A/R Debt

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3 Responses to “Top 10 best and worst states – Nevada is still the worst of the worst”

  1. Nevada-based businesses worst in paying bills on time for 9th consecutive month | Cortera says:
    October 20, 2009 at 11:31 am

    [...] Cortera™, a community-driven business information company, announced the publication of its October 2009 Past Due by States report, a monthly index of accounts receivable (A/R) activities by state. Measuring the payment activities [...]

  2. New England beats national average when it comes to paying bills says:
    October 21, 2009 at 10:08 am

    [...] Sitemap « Top 10 best and worst states – Nevada is still the worst of the worst [...]

  3. Consumer, Business Delinquency Data Reveal Mixed View on Recovery, Stress « Cortera says:
    March 18, 2010 at 2:26 pm

    [...] of the nice exceptions is Nevada, far too long a poster child for delinquent businesses. As it turns out, Nevada businesses improved to the point that the state [...]

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