Credit Risk Assessment of Small and Medium-Sized Enterprises under the Financial Model of Online Supply Chain

Table 4

Communalities.

Indicators	Initial	Extraction
		Clothing	Home appliance	Pharmaceutical	Construction	Control group
Current ratio X1	1	0.842	0.931	0.925	0.639	0.84
Quick ratio X2	1	0.907	0.929	0.908	—	0.913
Asset-liability ratio X3	1	0.819	0.804	0.763	0.82	0.64
Interest coverage ratio X4	1	0.596	0.823	0.775	0.715	0.774
Rate of return on common stockholders’ equity (ROE) X5	1	0.866	—	0.765	0.847	—
Return on total assets (ROTA) X6	1	0.785	0.876	0.817	0.76	—
Accounts receivable turnover ratio X7	1	—	0.973	—	—	0.526
Current assets turnover X8	1	0.654	0.825	0.644	0.847	0.673
Inventory turnover (ITO) X9	1	0.9	0.676	0.757	0.795	0.692
Profit growth rate X10	1	—	0.858	0.755	0.809	0.768
Net profit growth rate X11	1	0.85	0.847	0.753	0.854	0.76
Net profit margin X12	1	—	0.893	0.804	0.767	—
Total assets growth rate X13	1	—	0.724	0.765	0.675	0.592
Sales growth rate X14	1	0.736	0.952	—	0.753	—
Leadership qualities X15	1	0.75	0.773	0.765	—	0.699
Quality of financial information disclosure X16	1	—	—	0.733	0.701	0.619
Past performance X17	1	—	0.592	—	0.606	0.67
Current ratio X18	1	0.832	0.717	0.734	0.736	0.57
Interest coverage ratio X19	1	0.843	0.744	0.623	—	0.687
ROE X20	1	—	0.802	0.803	0.727	0.693
ROTA X21	1	0.846	—	0.892	0.861	0.732
Industry status X22	1	0.805	—	0.659	—	0.627
Enterprise size X23	1	—	0.78	0.73	0.865	0.804
External guarantees X24	1	0.761	0.757	0.713	0.753	0.685
Information sharing degree of supply chain X25	1	0.779	0.59	—	0.648	0.706
Product substitutability X26	1	—	0.589	0.759	—	0.578
Years of cooperation X27	1	0.763	0.724	0.741	0.718	—
GDP growth rate X28	1	—	0.604	0.626	0.912	0.668