![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, May 24, 2011 1:34:49 AM
Debt is rising-- 1st Q to eclipse equity:
Total Liabilities 1801.00 2245.00 1646.00 2798.00 3629.00
Shareholder Equity 11125.00 11707.00 10236.00 5033.00 3415.00
D/E Ratio 0.16 0.19 0.16 0.56 1.06
![](http://investorshub.advfn.com/uimage/uploads/2011/5/24/jzrdaJBIDE.jpg)
Ability to meet short term liabilities is now severely tested:
Tot Cash/Cash Equivs + Acct Rec 4538 4671 2374 1962 1084
Current Liabilities 1801.00 1982.00 1374.00 2391.00 3126.00
Acid Test Ratio 2.519711272 2.356710394 1.727802038 0.820577164 0.346769034
![](http://investorshub.advfn.com/uimage/uploads/2011/5/24/oesavJBIAcidTest.jpg)
And although the negative cash flow is a little less negative, the increasing liabilities are providing too much separation:
Cash fm Operations (808.00) (1714.00) (1245.00) (1220.00) (1186.00)
Current Liabilities 1801.00 1982.00 1374.00 2391.00 3126.00
![](http://investorshub.advfn.com/uimage/uploads/2011/5/24/hqjwdJBIOCF.png)
The trend should be concerning given JBI is now into the 2nd half of Q2 and-- although "appearing" to be on a cusp of revenue flow -- there is still too much assuming/speculating after a "1st sale" of $23,459.88 on 5/5
Interesting side-note: why are no revenues mentioned for the MRF? Only mentioned in the expenses-- gonna be hard to be a hopeful "break-even" operation at that pace.
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM