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Q2 from an accountant perspective (Long on TRTC)

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Chicagojosh   Wednesday, 08/09/17 10:16:57 AM
Re: None
Post # of 236611 
Q2 from an accountant perspective (Long on TRTC)

Working Capital Ratio (Current Assets /Current Liabilities)
14,386,978/7,881,003 = 1.83

Working Capital (Current Assets – Current Liabilities)
14,386,978 – 7,881,003 = $6,505,975

Debt to Equity Ratio (Total Liabilities / Total Equity)
8,617,323 / 68,261,346 = .13
As an accountant I LOVE these 3 financial metrics for analyzing a company, and TRTC smashed these. As even the link will confirm, they have an absolutely amazing debt to equity ratio. Their ultra-low debt is also reflected in the Working Capital metrics. They have great liquidity (ability to pay debts) both near term and short term. Strictly from an accounting perspective Terra Tech shines in these 3 financial metrics.

http://www.investopedia.com/financial-edge/0910/6-basic-financial-ratios-and-what-they-tell-you.aspx

Other hightlights:
Cost of Goods Sold made great strides and will continue to improve as they finish the contract for decorative flowers that dragged the margins down. Soon a far greater % of their revenue will be from Cannabis which has far greater margins. Plus, those margins will improve even more as they finish their cultivation and can control more seed to sale.

Their total Assets are massive. Only $28 mil of $76 Mil is good will, which is a bit of a “fluff” asset. Other intangible assets on the book have real value, such as the $10 mil in dispensary licenses that are being amortized. Their Property , Plant and Equipment alone of $10 mil is great than their total liabilities. That is amazing.

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