Post by
Leewardcape on Nov 03, 2022 6:07pm
What I'm Not Getting....
If you're paid in $US for your product, and the $US is high. Why don't you benefit?
Comment by
riski on Nov 03, 2022 6:10pm
Indeed, that should have increased cash flow above company projections.
Comment by
checkup on Nov 03, 2022 6:12pm
You do benefit. Financial reporting adjusts currency exchange credits or debits where applicable on assets and liabilities.
Comment by
dllscwbysfn on Nov 03, 2022 6:43pm
So it's not clear to me. Is the debt in US $?? If it is and we had 1.1B in debt on July 1st then that would have converted to 1.415B Cad. and at the end of Q3 it would convert out to 1.496B. So about 80M difference. And if we look at the rate today it would convert out to 1.511 so it has only gotten worse. Am i on the right track?
Comment by
Essential99 on Nov 03, 2022 7:14pm
Can people not read the report. It states at the beginning that finaciaL numbers are reported in CANADIAN DOLLARS!!!