AQZ 1.45% $2.80 alliance aviation services limited

This table from their financials caught my eye:Borrowings have...

  1. 980 Posts.
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    This table from their financials caught my eye:

    https://hotcopper.com.au/data/attachments/5042/5042628-9d6bde6550aa7f2fc6ea5dbd1366e796.jpg
    Borrowings have increased are are now almost maxed out. Cash $6m (down from $20M).
    Should we be concerned? They have history on breaching covenants.
 
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