RE:Debt Minimalwoody999
Hope this helps
There's a section in the February 10, 2022 earnings ( most recent earnings) called Liquidity and Capital Resources.
Liquidity and Capital Resources
During the quarter, Alithya entered into $8.6 million of new secured loans to finance refundable tax credits with Investissement Qubec and the credit facility availability was increased to a maximum amount of $125.0 million.
Net cash from operating activities was $10.1 million in the three months ended December 31, 2021, including favorable changes in non-cash working capital items of $7.8 million, representing an increase from $0.9 million of net cash from operating activities for the same period last year.
Net bank borrowing(1) reached $14.0 million, a decrease from $21.1 million as at March 31, 2021. Total long-term debt as at December 31, 2021 increased by $6.6 million, to $61.6 million, from $55.0 million as at March 31, 2021, due primarily to the $10.0 million subordinated unsecured loan and the $8.6 million secured loans for the financing of refundable tax credits, partially offset by the recording of forgiveness of $6.0 million of the unsecured promissory notes under the PPP and a decrease of $5.3 million in drawings under Alithya's credit facility. The increase in total long-term debt was used to fund operations and resulted in a $1.8 million increase in cash.