Friday, April 09, 2010 9:37:30 AM
I am simplying pointing out they have 417k debt and made 144k in income. It will take them 3 years to pay that debt off if they make the same amount each year.
Please everyone stop trying to interpret what I am saying any other way. Bottom line is this company is not doing that well.
Don't be in fantasy land because you only look at the 144k of income for the year.
If you really want to talk about long term and short term debt. They have debt that has to be paid in less than a year (current liabilities) of 82k and the company has only 72k in cash. Unless they receive more cash they can't pay it off.
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