I don't understand how the $100m loss has anything to do with the fact that the current ratio is about 0.5. Current liabilities is defined as obligations due in the normal operating cycle and if current rationis about 0.5 than I wonder how are they going to meet those obligations.
That was my question. I was just trying to understand if this is normal for THIS business.
Anyway, i went through the rest the company's and found this is NOT normal with a severe deteoriation of cuurent ratio over the past few years.
Now as someone is researching this company because it is potentially 'cheap' this is one thing I am questioning. Any sort of thoughts that could clear my questions would be helpful
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