How on earth do you calculate capital ratio on a company that is not a full-fledged bank? Or do you mean working capital ratio? If you are referring to working capital ratio that is the SAME thing as liquidity, which the others on her have mentioned.
The money they set aside back then was for acquisition (which explains the abnormally high WORKING capital ratio), and since they have done all those acquisitions it is expected that the money will go down. But there is a corresponding increase in fixed assets/investments.
And please explain how big of a deal is the Job Keeper as percentage term? Also the lending business just started how are you able to call it a failure at such an early stage?
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