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Clearwater Seafoods Incorporated T.CLR

"Clearwater Seafoods Inc is a distributor of shellfish and seafood with operations in Asia, North America, and Europe. Revenue is largely generated by the company's European branch. Clearwater Seafoods engages in the harvesting, processing, and marketing of seafood. The company obtains wild-caught seafood through its vessels located within Canada and Argentina. Products are segmented into scallops, lobster, clams, coldwater shrimp, crab, Langoustine and Groundfish, and other shellfish. The scall


TSX:CLR - Post by User

Comment by Zosimaon Oct 17, 2011 11:22am
206 Views
Post# 19155734

RE: Big Debt payment in 3 Months

RE: Big Debt payment in 3 MonthsI think you have misunderstood the revolving loan, which is classified as current, but is actually not due until Feb 2015.  The $37 million is shown as current because it is drawn based on receivables, and therefore rolls every three months.  Unless they suddenly had a receivables problem, they should just keep rolling this until Feb 2015.  I don't see any other significant debt payments in 2012.

Keep in mind also that the company generates significant cash.  Cash flow from operations was $28.6 million in the past 12 months, no need to hit any panic buttons here.
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