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ING theorycrafting, page-10

  1. Pumice
    377 Posts.
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    17/02/23
    09:27
    Post #: 66302337
    Yeah that's a concern!
    NPAT positive, so how does that increase debt???

    Looking at the CF statement (Pg11), financing activity (Mostly leases) more than offsets operating income

    This could be partly explained by a build in receivables of c$50m
    Last edited by Pumice: CA 17/02/23
    ING Price at posting: $2.75 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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