Original article by Chris Herde
The Australian – Page: 17 : 30-Oct-23

Gayle Dickerson of KPMG expects the number of so-called ‘zombie companies’ on the Australian sharemarket to keep rising in 2024. KPMG’s analysis shows that there were just 22 such companies in March 2022; this has consistently risen since then, and totalled 127 in the last six months. KPMG classifies a company as a ‘zombie’ if it shows signs of the firm’s financial stress indicators for three or more consecutive quarters. Dickerson says the Australian Taxation Office’s aggressive debt collection tactics have contributed to the rise of zombie companies.

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