Elite Pharmaceuticals Inc (ELTP): The only way debt even could be remotely...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Maxthedog post# 401551

Wednesday, 06/19/2024 1:31:19 AM

Wednesday, June 19, 2024 1:31:19 AM

The only way debt even could be remotely considered large is if you count long-term lease liabilities as debt. Elite is renting the property next door for their manufacturing and storage expansion strategy. Even including this, their debt will still be negligible as ST debt used to support inventory growth is expected to be paid off by fiscal year end (March 2024 or March 2025). Debt owed to Mikah for profit split should have also been paid off by Q4 that we’ll see in the upcoming financials.

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Recent ELTP News

Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 08:30:16 PM
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Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:07:15 PM
Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:30:31 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/29/2023 07:21:28 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 09:20:29 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:20:20 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/28/2023 12:05:38 AM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 11:58:46 PM
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