Wrong, so bad thats the Cettire Hotcopper expert's financial accumen...
Do these guys actually know how to read a balance sheet?. Cash means nothing when you have a massive deficit in payables minus receivables....
Net Cash is Cash + Receivables - Payables which is $78.95m+$25m-$90.45m =$13.5m !!! As of Sep 2024 Annual of report...
For this financial year considering last quarter, Cettire is on track to make big loss for this financial year... loss anywhere 0 to $20m...
Net cash at end of this finacial year will be near zero or negative ....
Not paying the suppliers for many months even after selling the clothing to customers...will catch the business oneday into massive debt if losses continue each quarter..
CTT Price at posting:
44.5¢ Sentiment: Sell Disclosure: Held
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