Originally posted by woltage
$5 mill? $4 mill (Trade and other payables) is what they owe for purchased equipment for their projects yeah? $0.75 mill in loans
They paid $0.6 mil last quarter off Trade and other payables, so liabilities lower than $5 mill, but they also borrowed another $1 mill
Glad you picked it up.
I am not against this company - just being realistic.
When Current Liab is much greater than Current Assets, it is a problem.
Would have been better if it was Non-Curr Liab.
Until the situation improves, I only have a small position on this.
Will keep an eye out for it.