Hmm is your point that DSCR is 0? It requires a positive EBITDA as a numerator. But yes, tens of millions more in capital raises to come to pay down all of that debt.
Fun fact, did you know since listing in 2017 CAN has done $168m in capital raises? All of that for revenue of $8m in the last half (and a loss of $19m) and $65m of debt that needs to be repaid. If anyone ever writes a book on wealth destruction in Australia I'm sure CAN will warrant a look-in.
Management sure did have a rosy view of where things were going in the short-term back on 29th January 2020:
