Consider this scenario : Cleaning Co.... assets only their brooms and mops etc valued at 10K Loans of 100K, to buy new equipments , other acc. etc Client Base of 200 with accounts of $50 /week Is this little co. insolvent ?
of course not! You are leaving out this co. income,the fact they are reducing debt,good will value and many more.
Insolvent I doubt it. If that was the method to determine insolvency, more than 3/4 of australian cos. will be delisted.
BRO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
