Teva and Israel Chemicals top D&B's financial strength index for the second straight year
Teva Pharmaceutical Industries was Israel's strongest company in 2009, according to Dun & Bradstreet's financial strength index, which ranks companies based on their net profits, revenues, market capitalization and shareholder equity.
Israel Chemicals is in second place in the index of 25 companies, followed by Amdocs, The Israel Corporation, Bezeq Telecommunications, the Israel Electric Corporation, Makhteshim-Agan Industries, Discount Investments and Elbit Systems. Tenth place went to the Azrieli Group, followed by Paz Oil and then Check Point Software.
While Teva and Israel Chemicals retained their rankings from 2008, some companies, such as Amdocs and The Israel Corporation improved considerably, while others dropped several rankings. These including Bank Hapoalim, which tumbled from fourth place to 24th, and Bank Leumi, which slipped from third place to 15th.
Two companies new to the top 25 are food manufacturer Strauss Group (18th) and the Super-Sol supermarket chain (22nd), which moved up from 34th and 39th place, respectively.
Dun & Bradstreet's data also show that at the height of the economic crisis, 32% of payments were behind schedule and average credit terms granted were payment 120 days after the current month.
In December 2009, the proportion of late payments dropped to 26%, and average credit payment time was down to 90 days after the current month.
In addition, 310,000 checks bounced in September 2009, 26% fewer than in December the previous year.