RE:Is the debt manageable?Zaybure - (12/22/2020 10:47:14 AM)
Is the debt manageable? June 30, the debt stood at 123.8M, and on Nov. 13, it was at 116.7M still leaving them with 4.8M in cash. So yes, one can argue that the debt load is high, but so far Zenabis has shown to be capable of handling it.
Geez - do you have ZERO CLUE as to how to read a Balance Sheet?
June 30 - Per Zena's Financials on Sedar
Current Liabilities 85,218,834
Long Term Liabilities 110,591,597
TOTAL LIABILITIES: 195,810,431
The equation I used is correct - I simply rounded up to $200,000,000.
Apparently you don't know what curent liabilities are - they're debt owed that is generally payable in the current or one fiscal year.
Do you think this money owed - everything from the power bills to salaries to Customer Deposits just 'disappears' if a company is taken over?
As far as having $4.8 million in cash - give your head a shake, Zena pays $5 million per quarter in interest charges alone. Then add all your operating expenses and wages - everyone in the world knows they have no cash, including Zena management.
And it's not bashing - it's fact, so drop that nonsense.