@SreeHC
I'd suggest you should do some further reading into the debt...
As stated in the FY20 end of year report there are $848,930 of current loans and borrowings and $474,818 of non-current borrowings. I assume these are the figures which are concerning you.
I would then direct you to note 17:
Of the current loans and borrowings, 600K of the debt has been settled post 30 June and the balance is to a related party (the director).
The balance of the debt relates to lease liabilities which are now reported as a balance sheet item under new accounting standards.
In short, there is effectively only $100K in real debt and this was provided to the company by its director.
Hardly think that is cause for concern....
DYOR
@SreeHCI'd suggest you should do some further reading into the...
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