OTCPK:NNDIF - Post by User
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Northforce13on Apr 10, 2019 5:26pm
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Post# 29609558
Balance sheet strength vs past
Balance sheet strength vs pastAnyone else do in depth analysis of this?
I compared financial statements going all the way back to 2002, and removed property plant and equipment from the balance sheet to measure how the company has evolved over the years in its strength.
As a result of their prior debt deleveraging, the company balance sheet is a mind boggling 160 million stronger than it used to be from 2002 to around 2009. In 2010 they started hammering debt down and kept on hammering...
This is like a $3.10 per share improvement to the balance sheet.
I don't think anyone has really mentioned how significant this is.
GLTA