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Bri-Chem Corp T.BRY

Alternate Symbol(s):  BRYFF

Industrials Industrial Distribution
Bri-Chem Corp. is a Canada-based independent wholesale supplier of drilling fluids and chemicals for the oil and gas industry operating from owned or leased warehouses located throughout Canada and the United States. It is engaged in the distribution and blending of oilfield drilling, completion, stimulation, and production of chemical fluids. The Company’s segments include Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending & Packaging Canada, Fluids Blending & Packaging USA, and Other. Its business activity is to provide 24/7 coverage of oilfield chemicals in a variety of weights and clays, loss circulation materials and oil mud products to mud engineering companies who sell directly to drilling firms engaged by the oil and gas companies. Its subsidiaries include Bri-Chem Supply Ltd., Sodium Solutions Inc., Solution Blend Service Ltd., and Bri-Corp USA, Inc. Sodium Solutions Inc. is a fully integrated chemical supplier, toll blender, and packager.


TSX:BRY - Post by User

Bri-Chem Corp
Bullboard Posts
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(14)
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Post by MatthewZyon Jul 20, 2017 11:15pm
86 Views
Post# 26493616

balance sheet question

balance sheet question
Guys, any comments on the balance sheet regarding short term assets versus liabilities?
Specifically on the last set of financial statements short term liabilities were: bank debt of $17.7M, A/P $14.2M, current portion of l-t debt $9.2M. On the asset side considerable A/R of $29M but no cash. Does the company need to raise cash? Potential for an equity offering? or do they have other plans?
Bullboard Posts
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