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%

Posted in Economy, Industry Metrics
Permalink: http://blog.cortera.com/2009/10/20/top-10-best-and-worst-states-nevada-is-still-the-worst-of-the-worst/