In January they reported cash and liquidity of $303,836, with...

In January they reported cash and liquidity of $303,836, with $160,662 available and $143,174 restricted. Below (in last week's report) they had $353 mil cash, with $80.4 available, the rest presumably restricted. They appear to keep having to give their lenders more cash to hold as security against debt, while the avaiable cash balance goes down Both are reasons for why I think they will need to raise some capital fairly soon - they are stuck in a pattern unable to expand, nor can they afford to make any missteps with arrears and bed debts.

Cash and Liquidity
As at 30 June 2024, Zip had $353.0m of total cash on the balance sheet with $80.4m in available cash and liquidity, down from $95.2m on 31 March 2024. The decrease in available cash and liquidity includes a $20.0m repayment of the corporate debt facility in the period from $150m to
$130m. During the quarter, Zip generated $3.8m of operating cash (comprising Cash EBTDA, capex and working capital and receivables funding movements)