They borrowed $3m ($2m long term or non current + $1m short term or current debt)
This may sound bad if a company had to borrow to cover mundane buisiness activities because of insuufficient working capital , but this is not the case because even with negative operating cash flow , RFT had very robust working capital with cash >$4m without borrowing & is more than able to cover "ordinary" business expenses.
In other words , RFT borrowed (mostly long term debt ) when IT DID NOT HAVE TO , which in my view indicates expected increased business activities.
Moreover , it is heartening to see RFT able to borrow....It is almost impossible for small businesses to access bank finance.
Also of note , this is the 1st time ever that RFT decided to borrow for a reason not related to property finance.
RFT has come a long way from an outfit with negative asset backing , carrying the stigma of going concern a few years ago to a robust business that the banks are happy to lend to.
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $11.05M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $1.14K | 144.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 125101 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 5571109 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 125101 | 0.008 |
20 | 2311690 | 0.007 |
9 | 2051492 | 0.006 |
9 | 2566843 | 0.005 |
3 | 2175000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 5571109 | 4 |
0.010 | 1162493 | 5 |
0.011 | 692914 | 1 |
0.012 | 2415355 | 7 |
0.013 | 455500 | 2 |
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