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IFRS16 came into affect 1 Jan 2019 making leases have a right of...

  1. hankreardon
    1,158 Posts.
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    27/02/21
    18:15
    Post #: 51389415
    IFRS16 came into affect 1 Jan 2019 making leases have a right of use asset offset against a lease liability. If there is significant writedown of the ROU asset or the D&A of the ROU asset doesn’t match the liability payments you can get a large deterioration in the current ratio.

    i haven’t looked closely at MOZ but the graph may be different if you take this into account.
    MOZ Price at posting: 85.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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