RE:RE:Net Cash Position Down 20.6 MillionYou got me curious so I looked up the balance sheet on sedar. All good. Cash was down but trade receivables were up 25 million from q4 along with about 20 million in accrued revenue. So they are just waiting for a customer to send them cash after they completed a recent project so it’s just a timing thing.
Like value pointed out they are definitely jacking up the balance sheet with both assets and liabilities.
Assets obviously increased more then liabilities with the SE increase. And that all I want to see as long as they are collecting receivables over time but I don’t think that’s a problem givien macro’s utility clients.