RE:RE:RE:Another multi bagger target... A few observations re. NGD.
According to their Financial Statements as at Dec. 31, 2023:
Balance Sheet:
Current Liquid Assets (Cash + Receivables + Investments) = $209M
Current Liabilities (Payables) = $229M
I like to see short-term liquid assets at least 1.5x short-term debt obligations.
Debt to Equity Ratio: 1.90
(should ideally be no more than 0.50 and definitely no more than 1.0).
Income Statement:
Still operating at a net loss per share: ($0.09) in 2023.
IMO this is a fixer-upper that is currently not in great shape financially.