gself
KZL has a much worse balance sheet than OZL
check out the current ratio, the debt/equity and the gearing
OZL is much healthier than KZL
If OZL goes down KZL is doomed for sure
Kagara Zinc balance sheet 2008
Total Current Assets 126,058
Total Non-Current Assets 463,594
TOTAL ASETS 589,652
Total Current Liabilities 105,879
Total Non-Current Liabilities 248,217
TOTAL LIABILITIES 354,096
TOTAL EQUITY 235,556
Look at p23
http://imagesignal.comsec.com.au/asxdata/20081009/pdf/00888940.pdf
Current ratio = 1.19
debt to equity = 354,096/ 235,556 = 150%
gearing = 354,096/589,652 = 60%
OZL’s balance sheet looks like this
current assets $1,912.5
non current assets $5,342.5
total assets $7,254.9
current liabilities $919.8m
non current liabilities $882.3m
total liabilities $1,802.1m
net assets $5,452.8
look at page 29
http://stocknessmonster.com/news-item?S=OZL&E=ASX&N=303624
current ratio = 2.07
debt to equity = 1802.1/5452.8 = 33%
gearing = 1802.1/7254.9 = 24%
I better tell the people on the KZL thread to be careful!!!!
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