RE:RE:RE:2028 notes at 6% : Positive859, by the way, if you exclude cash on hand and current portion of long term debt from current assets and current liabilities respectively, Bombardier has a slight surplus. I can't recall when the current portion of the balance sheet was in this (positive) state. To give an idea, 2 years ago Q2, current assets excl cash was $10.9B (and that included $800M of assets held for sale.........) and current liabilities excluding bank loan and current portion of LTD was $13.5B.
On top of that, the cash surplus (cash on hand less current debt and current portion of LTD) was $640M in Q2 2019 whereas Q2 2021 was $1,654.
Which means that excluding the asset held for sale 2 years ago, the current portion of the balance sheet has improved by $4B.
I havent checked my #s but I should because that's just unbelievable.