I was having a look at Specialty Fashion's balance sheet and...

I was having a look at Specialty Fashion's balance sheet and calculated that its on a current ratio of 0.76.

This worries me as a current ratio under 1 usually means it lacks the funds to support the everyday operation of the business. Due to the worsening retail environment and people's reluctance of consumer spending i feel that SFH could likely breach debt covenants on the back of a profit downgrade and will therefore lack the ability to use debt to fund the gap in cash flow.
Could they require a capital raising?