Nordex Explosives Ltd V.NXX

Nordex Current liabilities were $5,142,629 Sept 30 2013

[Bean_and_Dunn]

At Dec 31 2012 they were  3,333,079. That is a difference of $1,809,550. 

Current assets only went up from 8,188,858 to 8,383,523 a difference of only $194,665.
Some of the current assets are very slow to come in the door. At Sept 30 2013 $508,585 was the company's normal credit terms of 60 days. 

Inventory rose $971,883. Is all this inventory saleable?
Cash had dropped by $1,736,725.

[cruesusa]

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[loosegoose]

I looked at the difference over the last 12 months as the numbers can fluctuate considerably in shorter time periods. In addition a 24 month comparison from 3rd qtr 2011 to 3rd qtr 2013 is as follows: assets rose from $4,869,822 to $8,383,523 a 72.2% increase and liabilities decreased from $5,571,219 to $5,142,629 a 7.7% decrease. I believe this is an even more accurate assessment of what the