1. It seems ~$6m of current liabilities have been rolled with CBA to Sep 2021. Will be now sitting as long term liabilities probably almost current again though.
2. Current means 12 months. Current liabilities includes 12 month's of rent as per AASB16 so all of the current ratios of companies have come down since this change.
3. It does seem that Covid has affected them more than I thought, so liabilities would have become higher in the circumstances.
if you believe that there will be a fiscal response by governments in capital expenditure, VRS is relatively cheap given the operational leverage that it has. If you believe that Covid restrictions will be ongoing and no fiscal response will occur. Than sell all your shares in everything and buy a bunker.
VRS Price at posting:
3.7¢ Sentiment: None Disclosure: Held
