RE:Oh looky here Rochester repays $1,129,000 for Mina RealSo Rochester Resources is reducing its long term debt but its negative working ratio is increasing ever quarter. There is a rapid trend of a higher negative ratio from previous period. This may indicate an issue with sales, earnings, or other factors.
Rochester Resources Working capital (deficit)
(4,798,045)
(4,209,722)
(4,484,620)
(4,024,416)
(2,366,505)
(1,944,024)
(1,810,968)
(1,782,725)
Financial Condition
As at August 31, 2013 the Company had cash resources of $45,129, a decrease of $39,978 from $85,107 as at May 31, 2013. The cash resources at August 31, 2013 and May 31, 2013 were not significant. The Company has been operating with limited surplus cash and has allocated cash flow from operations to key capital projects and ongoing debt reduction.