http://www.abc.net.au/news/2015-11-...d-gordons-future-as-share-price-dives/6978296
On the face of it, Slater and Gordon's debt is well covered by its current assets, until you drill down and look at the nature of those assets.
Less than $100 million of its reported $1.3 billion in current assets is cash or equivalents.
A total of $620 million is receivables and much of it — $553 million — is work in progress, or "WIP".
There have long been doubts about Slater and Gordon's estimates of how much work in progress will convert into hard earnings and cold cash.
- Forums
- ASX - By Stock
- SGH
- Debt is 3 times larger than market cap
Debt is 3 times larger than market cap, page-21
-
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SGH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online