RE:RE:NET DEBT If you are going to consider accounts receivable, you should also consider accounts payable. which in 3Q21 are 56M.
The 16M lb in ports does not mean 20M dollars, you have to make some discounts. They probably mean some 4M as profit.
firecracker74 wrote: The net debt that Trevali reports is misleading. Net debt should include cash plus accounts receivable. On September 30 TV had $40M in cash plus $57M in receivables and $120M in debt. The real net debt was $23M. They also had 16M pounds of zinc at the port that was worth $20M so the real net debt was about $3M. There is a very good possibility that Trevali will have more cash and receivables on December than they have total debt. Trevali was scheduled to make a $9M loan repayment in November and they likely paid off about $3M in loans at Santander so expect total debt as of December 31 to be around $108M. It is likely that cash and receivables will be more than that with the $20M in zinc from quarter 3 and receivables will go up because of the higher zinc price.