That's a cliff face of debt about to be realised and the domino effect on the companies who are not technically insolvent as the debt owed by these insolvent companies is sitting in their balance sheets as receivables.
Then those receivables become unrecoverable.
But Zip pulled off a masterstroke by providing unsecured lending to some of these businesses via an EBay tie up ?
Anyone in the business of unsecured lending is going to get destroyed by bad debts
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Last
$3.05 |
Change
0.220(7.77%) |
Mkt cap ! $3.937B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $3.07 | $2.82 | $69.64M | 23.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10493 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 25598 | 2 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |