spoke to company - century cash flow positive, page-36

gself
KZL has a much worse balance sheet than OZL

check out the current ratio, the debt/equity and the gearing

OZL is much healthier than KZL

If OZL goes down KZL is doomed for sure

Kagara Zinc balance sheet 2008

Total Current Assets 126,058
Total Non-Current Assets 463,594
TOTAL ASETS 589,652
Total Current Liabilities 105,879

Total Non-Current Liabilities 248,217
TOTAL LIABILITIES 354,096
TOTAL EQUITY 235,556

Look at p23

http://imagesignal.comsec.com.au/asxdata/20081009/pdf/00888940.pdf


Current ratio = 1.19
debt to equity = 354,096/ 235,556 = 150%
gearing = 354,096/589,652 = 60%







OZL’s balance sheet looks like this

current assets $1,912.5
non current assets $5,342.5
total assets $7,254.9

current liabilities $919.8m
non current liabilities $882.3m
total liabilities $1,802.1m

net assets $5,452.8

look at page 29

http://stocknessmonster.com/news-item?S=OZL&E=ASX&N=303624


current ratio = 2.07
debt to equity = 1802.1/5452.8 = 33%
gearing = 1802.1/7254.9 = 24%

I better tell the people on the KZL thread to be careful!!!!