PTN patronus resources limited
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balance sheet issues?

  1. jayinaussie
    1,149 Posts.
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    03/12/09
    20:47
    Post #: 6001017
    Please correct me if I am wrong yet in researching this company I was surprised to see such HUGE debt in comparision to current assets held.

    TOTAL ASSETS (Incl Receiveables)= approx. $162,000,000

    TOTAL LIABILITIES = approx. $1.1 Billion

    I must be missing something, as the above does not seem manageable.

    Are all the retirement centres that are owed by the company, included in this TOTAL ASSETS figure? Thanks

    PTN Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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