Abstract

With their entrepreneurial activities, small and medium sized-enterprises (SMEs) play an important role in a country's socio-economic development. However, SMEs are faced with a variety of problems due to sudden and severe the impact of crises on global financial markets. The Covid-19 pandemic is a new threat affecting the business world and the economy. Since this pandemic continues global, the extent of the threat posed by Covid-19 has not yet been fully understood. The aim of this study is to reveal the financial outlook of SMEs during the Covid-19 crisis. For this purpose, data were collected by using the interview method with SME managers operating in the textile sector in Denizli province, Turkey. As a result, it has been determined that the effect of Covid-19 on businesses in the textile sector differs according to the field of activity and business model of the enterprise. The orders of some businesses producing textiles to order were suspended or canceled during the pandemic. It was determined that this situation has caused cash, stocks, trade receivables, revenues, the debt / equity structure, expenses and cost items to stand out in terms of the financial outlook of the enterprises.