Total Liabilities – Antochi http://antochi.ro/ Tue, 04 Jan 2022 17:27:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://antochi.ro/wp-content/uploads/2021/07/icon-1-150x150.png Total Liabilities – Antochi http://antochi.ro/ 32 32 Comtech Promotes Chairman Michael Porcelain to CEO https://antochi.ro/comtech-promotes-chairman-michael-porcelain-to-ceo/ Tue, 04 Jan 2022 16:02:24 +0000 https://antochi.ro/comtech-promotes-chairman-michael-porcelain-to-ceo/ NOTNew York-based Comtech Telecommunications Corp. (NASDAQ: CMTL) appointed Michael Porcelain CEO, effective December 31, 2021, and director of the board, effective January 3, 2022. Porcelain, who will remain Chairman of Comtech, succeeds Fred Kornberg as CEO. Porcelain has been president of the company since January 2020 and COO since October 2018. During this time, Kornberg […]]]>

NOTNew York-based Comtech Telecommunications Corp. (NASDAQ: CMTL) appointed Michael Porcelain CEO, effective December 31, 2021, and director of the board, effective January 3, 2022.

Porcelain, who will remain Chairman of Comtech, succeeds Fred Kornberg as CEO. Porcelain has been president of the company since January 2020 and COO since October 2018.

During this time, Kornberg will advise Comtech on technology matters and will remain a director and non-executive chairman of the board.

In addition, the company has appointed Wendi Carpenter and Mark Quinlan as independent directors, effective January 3.

Accepting the promotion, Porcelain said: “The past twenty-four months have seen a significant and generational transformation both in our business and in our markets as a whole. I am delighted to benefit from my own experience with all parts of Comtech’s operations and to drive a new level of performance alongside our team.

About Comtech

Comtech designs, manufactures and sells next generation 911 emergency systems and secure wireless communication technologies to commercial and government customers around the world.

Its shares rose 1.1% on Monday to close at $ 23.96.

The Taking of Wall Street

Last month, Citigroup (VS) Analyst Asiya Merchant maintained a holding rating on the stock and raised the price target to $ 27 from $ 24 (upside potential of 12.7%).

In addition, Joe Gomes, analyst at Noble Financial, reiterated a Hold rating on Comtech but did not provide a price target.

Overall, the stock has a moderate buy consensus rating based on 2 buys and 2 takes. Comtech Telecommunications stock’s average forecast of $ 31 implies a potential upside of 29.4%. Stocks have gained 18.6% in the past year.

Risk analysis

According to TipRanks’ Risk Factors tool, Comtech is primarily exposed to two factors: Finance & Corporate and Legal & Regulatory, each representing 26% of the total of 35 risks identified for the security.

Within the two risk categories, the company has nine risks each, details of which can be found on the TipRanks website.

Download the TipRanks app now, available at ios and Android.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Grendene (BVMF: GRND3) has a fairly healthy track record https://antochi.ro/grendene-bvmf-grnd3-has-a-fairly-healthy-track-record/ Sun, 02 Jan 2022 13:38:41 +0000 https://antochi.ro/grendene-bvmf-grnd3-has-a-fairly-healthy-track-record/ Warren Buffett said: “Volatility is far from synonymous with risk”. It’s only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved when a business collapses. Like many other companies Grendene SA (BVMF: GRND3) uses debt. But should shareholders be concerned about its use of debt? […]]]>

Warren Buffett said: “Volatility is far from synonymous with risk”. It’s only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved when a business collapses. Like many other companies Grendene SA (BVMF: GRND3) uses debt. But should shareholders be concerned about its use of debt?

When is debt dangerous?

Debts and other liabilities become risky for a business when it cannot easily meet these obligations, either with free cash flow or by raising capital at an attractive price. In the worst case scenario, a business can go bankrupt if it cannot pay its creditors. While it’s not too common, we often see indebted companies continually diluting their shareholders because lenders are forcing them to raise capital at a ridiculous price. Of course, debt can be an important tool in businesses, especially capital intensive businesses. When we look at debt levels, we first look at cash and debt levels, together.

Check out our latest analysis for Grendene

How much debt does Grendene have?

The image below, which you can click for more details, shows Grendene owed R $ 11.2million at the end of September 2021, down from R $ 14.0million over one year. But on the other hand, he also has 1.56 billion reais in cash, which leads to a net cash position of 1.55 billion reais.

BOVESPA: GRND3 History of debt to equity January 2, 2022

How strong is Grendene’s balance sheet?

The latest balance sheet data shows that Grendene had debts of R $ 275.2 million due within one year and debts of R $ 85.7 million due after that. In return, he had 1.56 billion reais in cash and 1.06 billion reais in debts due within 12 months. He can therefore boast of having R $ 2.26 billion more in liquid assets than total Liabilities.

This surplus suggests that Grendene is using the debt in a way that seems both safe and conservative. Because he has a lot of assets, he is unlikely to have any problems with his lenders. Simply put, the fact that Grendene has more cash than debt is arguably a good indication that she can safely manage her debt.

On the other hand, Grendene’s EBIT has plunged 10% over the past year. If this rate of decline in profits continues, the company could find itself in a difficult position. When analyzing debt levels, the balance sheet is the obvious place to start. But it is future profits, more than anything, that will determine Grendene’s ability to maintain a healthy balance sheet going forward. So if you are focused on the future you can check this out free report showing analysts’ earnings forecasts.

Finally, a business can only pay off its debts with hard cash, not with book profits. Grendene may have net cash on the balance sheet, but it’s always interesting to see how well the business converts its earnings before interest and taxes (EBIT) into free cash flow, as this will influence both its need and its ability to manage debt. Over the past three years, Grendene has generated strong free cash flow equivalent to 67% of its EBIT, roughly what we expected. This hard cash allows him to reduce his debt whenever he wants.

In summary

While we sympathize with investors who find the debt of concern, you should keep in mind that Grendene has R $ 1.55 billion in net cash, as well as more liquid assets than liabilities. The icing on the cake was that he converted 67% of that EBIT into free cash flow, making 178 million reais. So we don’t think Grendene’s use of debt is risky. The balance sheet is clearly the area to focus on when analyzing debt. But at the end of the day, every business can contain risks that exist off the balance sheet. For example, we have identified 3 warning signs for Grendene (2 are a bit rude) you should be aware of.

At the end of the day, it’s often best to focus on businesses that don’t have net debt. You can access our special list of these companies (all with a history of profit growth). It’s free.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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COSCO SHIPPING Holdings (HKG: 1919) seems to use its debts sparingly https://antochi.ro/cosco-shipping-holdings-hkg-1919-seems-to-use-its-debts-sparingly/ Fri, 31 Dec 2021 22:42:59 +0000 https://antochi.ro/cosco-shipping-holdings-hkg-1919-seems-to-use-its-debts-sparingly/ Warren Buffett said: “Volatility is far from synonymous with risk”. It is only natural to consider a company’s balance sheet when considering how risky it is, as debt is often involved when a business collapses. We notice that COSCO SHIPPING Holdings Co., Ltd. (HKG: 1919) has debt on its balance sheet. But does this debt […]]]>

Warren Buffett said: “Volatility is far from synonymous with risk”. It is only natural to consider a company’s balance sheet when considering how risky it is, as debt is often involved when a business collapses. We notice that COSCO SHIPPING Holdings Co., Ltd. (HKG: 1919) has debt on its balance sheet. But does this debt worry shareholders?

What risk does debt entail?

Debt is a tool to help businesses grow, but if a business is unable to repay its lenders, then it exists at their mercy. If things really go wrong, lenders can take over the business. However, a more common (but still costly) situation is where a company has to dilute its shareholders at a cheap share price just to get its debt under control. Of course, debt can be an important tool in businesses, especially capital intensive businesses. The first step in examining a company’s debt levels is to consider its cash flow and debt together.

See our latest analysis for COSCO SHIPPING Holdings

What is the debt of COSCO SHIPPING Holdings?

As you can see below, COSCO SHIPPING Holdings had a debt of CNN 92.0 billion in September 2021, up from CNN 110.3 billion the previous year. But it also has CN 145.2 billion in cash to compensate for this, which means it has a net cash position of CN 53.2 billion.

SEHK: 1919 History of debt to equity December 31, 2021

How strong is COSCO SHIPPING Holdings’ balance sheet?

According to the latest published balance sheet, COSCO SHIPPING Holdings had liabilities of 101.8 billion yen due within 12 months and commitments of 119.2 billion yen due beyond 12 months. In return, he had CNN 145.2 billion in cash and CNN 17.0 billion in receivables due within 12 months. It therefore has liabilities totaling CNN 58.8 billion more than its cash and short-term receivables combined.

This deficit is not that big as COSCO SHIPPING Holdings is worth a whopping CN ¥ 278.0b, and therefore could possibly raise enough capital to consolidate its balance sheet, should the need arise. But we absolutely want to keep our eyes open for indications that its debt is too risky. Despite its notable liabilities, COSCO SHIPPING Holdings has net cash, so it’s fair to say that it doesn’t have a heavy debt load!

Best of all, COSCO SHIPPING Holdings increased its EBIT by 1,206% last year, which is an impressive improvement. If sustained, this growth will make debt even more manageable in the years to come. There is no doubt that we learn the most about debt from the balance sheet. But ultimately, the future profitability of the business will decide whether COSCO SHIPPING Holdings can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find this free Analyst Profit Forecast report interesting.

Finally, a business needs free cash flow to pay off debts; accounting profits are not enough. Although COSCO SHIPPING Holdings has net cash on its balance sheet, it is still worth looking at its ability to convert earnings before interest and taxes (EBIT) into free cash flow, to help us understand how fast it is building. (or erode) that cash balance. Fortunately for all shareholders, COSCO SHIPPING Holdings has actually generated more free cash flow than EBIT over the past three years. This kind of solid silver generation warms our hearts like a puppy in a bumblebee costume.

In summary

While COSCO SHIPPING Holdings’ balance sheet is not particularly strong, due to total liabilities it is clearly positive to see that it has a net cash position of 53.2 billion yen. The icing on the cake was that he converted 133% of that EBIT into free cash flow, which brought in CNN 128 billion. We therefore do not believe that the use of debt by COSCO SHIPPING Holdings is risky. When analyzing debt levels, the balance sheet is the obvious place to start. However, not all investment risks lie on the balance sheet – far from it. We have identified 2 warning signs with COSCO SHIPPING Holdings (at least 1 which makes us a little uncomfortable), and understanding them should be part of your investment process.

Of course, if you are the type of investor who prefers to buy stocks without going into debt, feel free to check out our exclusive list of cash net growth stocks today.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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Climate change, food and geopolitics – The diplomat https://antochi.ro/climate-change-food-and-geopolitics-the-diplomat/ Thu, 30 Dec 2021 07:03:46 +0000 https://antochi.ro/climate-change-food-and-geopolitics-the-diplomat/ Advertising A recent report by the Office of National Intelligence (US) identified the 11 countries most vulnerable to socio-political and geopolitical instability due to climate change – and Pakistan is one of them. According to various estimates, climate change could cost Pakistan a staggering sum of $ 3.8 billion per year. Considering the importance of […]]]>

A recent report by the Office of National Intelligence (US) identified the 11 countries most vulnerable to socio-political and geopolitical instability due to climate change and Pakistan is one of them.

According to various estimates, climate change could cost Pakistan a staggering sum of $ 3.8 billion per year. Considering the importance of agriculture in Pakistan – it contributes 22 percent of its GDP and employs nearly 39 percent of its workforce Along with soaring food price inflation, exacerbating climate change can put its energy, food and national security at risk.

Drawing attention to the asymmetric effects of climate change on countries in the South in his book “The Divide: A Brief Guide to Global Inequality and its Solutions”, economic anthropologist Jason Hickel points out that 83% of deaths linked to climate change occurred in countries with the lowest carbon emissions, while out of 588 billion tonnes of carbon emissions (figures up to 2017), 70 percent came from industrial economies. Pakistan is a case in point.

The future holds difficult choices for the country. On the one hand, the need to switch to cleaner energy sources is necessary and extremely important. On the other hand, as I have argued elsewhere, the inherent limitations of these systems make such a change difficult, to say the least.

Reality makes fun of the ideal. More than 40 million Pakistani people lack electricity and more than 50 percent lack “clean cooking facilities”. Unemployment is of concern as one in 10 people in Pakistan is unemployed with a total rate of around 4.65% in 2020. Pakistan’s per capita income was $ 1,465 in 2020. Recently, the country’s total liabilities have reached $ 283 billion (2021), the highest on record. Finally, a reality check: Fossil fuels still make up 64 percent of Pakistan’s energy mix, with renewables providing a meager 4 percent.

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The worsening climate situation underscores the need for Pakistan to pay urgent attention to several issues. One of those issues is food. Recently, the UN’s World Food and Agriculture Price Index reached 134.4, the highest since 2011. Pakistanis spend nearly 39% of their income on food and 24% of their income. % to other commodities such as rent, gas and water. According to a 2017 estimate, around 68 percent of households receive inadequate nutrition. This recent rise in food prices will only exacerbate this situation, as the price sensitive index hit a 37-week high with an increase of 17.4 percent, while food is about 48 percent higher. expensive than in 2018.

This increase in food prices, among others, has a direct correlation with social unrest and political instability. Research shows that between 2005 and 2011, food riots jumped 250%, sparking protests in Egypt, Libya and Syria. The Arab Spring was also the result of rising food prices.

This question also goes beyond the geopolitical domain. It is instructive to note here that India is building a food corridor, called the India-Middle East Food Corridor, under the auspices of a wider Arab-Mediterranean corridor between India and Europe. According to a recent study by the Singapore-based Institute of South Asia Studies, Saudi Arabia and the United Arab Emirates are providing multibillion-dollar investments to help India fit into the wider chain. value, from technologies to food production. There is already a platform, Agriota, which helps Indian farmers connect with businesses in the UAE.

The food corridor is expected to create 200,000 jobs with over 2 million Indian farmers as beneficiaries. The overall objective remains to build higher value-added production that integrates farms with retail outlets.

As noted above, given the extreme importance of agriculture to the Pakistani economy and the threat to food security, which can easily trigger social unrest or become a geopolitical flashpoint, the need for Pakistan to work on a similar corridor is both obvious and logical.

While the UAE’s and Saudi Arabia’s financial and administrative support to India apparently violates its principle of identity, it still makes perfect diplomatic and strategic sense. Pakistan has a range of other options – Turkey, Qatar, China and Russia, for example, with whom it has stable or friendly relations – to build a similar corridor. A food corridor with Russia and China could be of particular benefit to us in terms of volume, technological assistance and knowledge transfer. Such an initiative could help Pakistan achieve food security.

Besides this dimension, there are also measures to be taken internally. It is necessary to introduce congestion charges for vehicles entering high traffic areas. Improving the public transport system is also necessary. The tree plantations are good; making factories energy efficient is better. Brick kilns must go. Climate change should be taught in schools.

Studies show an extremely negative impact on Pakistani crop yields as temperatures continue to rise. Pakistan’s vulnerability to disasters and the negative effects on labor productivity will add to existing concerns. As always, the suffering of the poor will be strongly asymmetric to that of the upper class.

Research indicates that the average temperature in Pakistan is already at such high levels that any further increase in consumption will negatively affect living standards due to environmental consequences.

Finally, South Asia is expected to host 36 million “internal climate migrants” as a result of the climate crisis by 2050. This would increase the current migrant / refugee burden for Pakistan.

Do you like this article ? Click here to subscribe for full access. Only $ 5 per month.

Priority must be given to climate change. The problem goes beyond improving the air quality index and the possibility of enjoying al fresco dining; it concerns social unrest, political instability, and geopolitical issues that fuel a country’s foreign policy, as well as diplomatic and economic prowess.


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Does Magic Software Enterprises (NASDAQ: MGIC) have a healthy track record? https://antochi.ro/does-magic-software-enterprises-nasdaq-mgic-have-a-healthy-track-record/ Tue, 28 Dec 2021 12:44:48 +0000 https://antochi.ro/does-magic-software-enterprises-nasdaq-mgic-have-a-healthy-track-record/ Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess the level of risk […]]]>

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess the level of risk of a business. Like many other companies Magic Software Enterprises Ltd. (NASDAQ: MGIC) uses debt. But should shareholders be concerned about its use of debt?

Why Does Debt Bring Risk?

Debt is a tool to help businesses grow, but if a business is unable to repay its lenders, then it exists at their mercy. If things really go wrong, lenders can take over the business. However, a more common (but still painful) scenario is that he has to raise new equity at low cost, thereby constantly diluting shareholders. That said, the most common situation is where a business manages its debt reasonably well – and to its own advantage. The first step in examining a business’s debt levels is to consider its cash flow and debt together.

See our latest review for Magic Software Enterprises

What is Magic Software Enterprises’ net debt?

You can click on the graph below for the historical figures, but it shows that in September 2021, Magic Software Enterprises had a debt of US $ 43.1 million, an increase of US $ 28.8 million, over a year. But on the other hand, it also has $ 98.6 million in cash, which leads to a net cash position of $ 55.5 million.

NasdaqGS: MGIC Debt to equity history December 28, 2021

How healthy is Magic Software Enterprises’ balance sheet?

According to the latest published balance sheet, Magic Software Enterprises had liabilities of US $ 95.6 million due within 12 months and liabilities of US $ 80.9 million due beyond 12 months. In return, he had $ 98.6 million in cash and $ 134.2 million in receivables due within 12 months. He can therefore avail himself of $ 56.3 million in liquid assets more than total Liabilities.

This short-term liquidity is a sign that Magic Software Enterprises could probably repay its debt easily, as its balance sheet is far from tight. In short, Magic Software Enterprises has a net cash flow, so it’s fair to say that it doesn’t have a lot of debt!

Also positive, Magic Software Enterprises has increased its EBIT by 28% over the past year, which should make it easier to pay down debt going forward. There is no doubt that we learn the most about debt from the balance sheet. But it is future profits, more than anything, that will determine Magic Software Enterprises’ ability to maintain a healthy balance sheet going forward. So if you are focused on the future you can check this out free report showing analysts’ earnings forecasts.

Finally, while the IRS may love accounting profits, lenders only accept hard cash. While Magic Software Enterprises has net cash on its balance sheet, it’s still worth looking at its ability to convert earnings before interest and taxes (EBIT) into free cash flow, to help us understand how fast it is. builds (or erodes) that cash balance. Over the past three years, Magic Software Enterprises has generated very robust free cash flow of 100% of its EBIT, more than we expected. This positions it well to repay debt if it is desirable.

In summary

As much as we sympathize with investors who find debt worrying, you should keep in mind that Magic Software Enterprises has US $ 55.5 million in net cash, plus more liquid assets than liabilities. . And he impressed us with free cash flow of US $ 41 million, or 100% of his EBIT. So is Magic Software Enterprises’ debt a risk? It does not seem to us. The balance sheet is clearly the area to focus on when analyzing debt. However, not all investment risks lie on the balance sheet – far from it. These risks can be difficult to spot. Every business has them, and we’ve spotted 1 warning sign for Magic Software Enterprises you should know.

At the end of the day, sometimes it’s easier to focus on businesses that don’t even need to go into debt. Readers can access a list of growth stocks with zero net debt 100% free, at present.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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Phone and Data Systems (NYSE: TDS) Using Debt Could Be Seen Risky https://antochi.ro/phone-and-data-systems-nyse-tds-using-debt-could-be-seen-risky/ Sun, 26 Dec 2021 14:42:47 +0000 https://antochi.ro/phone-and-data-systems-nyse-tds-using-debt-could-be-seen-risky/ Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Above all, Telephone […]]]>

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Above all, Telephone and Data Systems, Inc. (NYSE: TDS) carries the debt. But the real question is whether this debt makes the business risky.

When is debt dangerous?

Debt helps a business until the business struggles to repay it, either with new capital or with free cash flow. Ultimately, if the company cannot meet its legal debt repayment obligations, shareholders could walk away with nothing. However, a more common (but still painful) scenario is that he has to raise new equity at low cost, thereby constantly diluting shareholders. Of course, debt can be an important tool in businesses, especially capital intensive businesses. When we think of a business’s use of debt, we first look at cash flow and debt together.

Check out our latest analysis for phone and data systems

What is telephone and data system debt?

The graph below, which you can click for more details, shows Telephone and Data Systems owed US $ 3.00 billion in debt as of September 2021; about the same as the year before. However, he also had $ 725.0 million in cash, so his net debt is $ 2.27 billion.

NYSE: TDS Debt to Equity History December 26, 2021

A look at the responsibilities of telephone and data systems

Zooming in on the latest balance sheet data, we can see that the phone and data systems had a liability of US $ 1.29 billion owed within 12 months and a liability of US $ 5.42 billion owed beyond that. . On the other hand, he had cash of US $ 725.0 million and receivables worth US $ 1.27 billion within a year. It therefore has liabilities totaling US $ 4.71 billion more than its cash and short-term receivables combined.

The lack here weighs heavily on the $ 2.37 billion company itself, as if a child struggles under the weight of a huge backpack full of books, his gym equipment and a trumpet. . We would therefore monitor its record closely, without a doubt. After all, Telephone and Data Systems would likely need a major recapitalization if it were to pay its creditors today.

In order to measure a company’s debt relative to its profits, we calculate its net debt divided by its earnings before interest, taxes, depreciation and amortization (EBITDA) and its profit before interest and taxes (EBIT) divided by its interest. debtors (its interest coverage). In this way, we consider both the absolute amount of debt, as well as the interest rates paid on it.

While Telephone and Data Systems has a very reasonable net debt to EBITDA ratio of 1.9, its interest coverage appears weak at 1.2. The main reason is that it has such high depreciation and amortization. These charges can be non-monetary, so they could be excluded when it comes to paying off debt. But the accounting fees are there for a reason: some assets lose value. Either way, it’s safe to say that the business has significant debt. We have seen Telephone and Data Systems increase its EBIT by 4.9% over the past twelve months. It’s far from incredible, but it’s a good thing when it comes to paying down debt. When analyzing debt levels, the balance sheet is the obvious place to start. But ultimately, the company’s future profitability will decide whether Telephone and Data Systems can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find this free Analyst Profit Forecast report interesting.

Finally, while the IRS may love accounting profits, lenders only accept hard cash. We therefore always check how much of this EBIT is converted into free cash flow. Over the past three years, telephone and data systems have experienced significant negative free cash flow overall. While this may be the result of spending for growth, it makes debt much riskier.

Our point of view

To be frank, Telephone and Data Systems’ EBIT conversion to free cash flow and its track record of controlling its total liabilities makes us rather uncomfortable with its debt levels. But at least its EBIT growth rate isn’t that bad. Considering all of the above factors, it looks like Telephone and Data Systems has too much debt. This kind of risk is acceptable to some, but it certainly does not float our boat. There is no doubt that we learn the most about debt from the balance sheet. However, not all investment risks lie on the balance sheet – far from it. These risks can be difficult to spot. Every business has them, and we’ve spotted 3 warning signs for telephone and data systems you should know.

If you want to invest in companies that can generate profits without the burden of debt, check out this free list of growing companies that have net cash on the balance sheet.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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Audit: Appalachian Wireless Arena Suffers Financial Loss in 2020-21 Due to COVID | News https://antochi.ro/audit-appalachian-wireless-arena-suffers-financial-loss-in-2020-21-due-to-covid-news/ Fri, 24 Dec 2021 19:00:00 +0000 https://antochi.ro/audit-appalachian-wireless-arena-suffers-financial-loss-in-2020-21-due-to-covid-news/ The 2020-21 financial audit of the Pikeville City Exposition Center Corporation revealed how the Appalachian Wireless Arena was particularly affected by the COVID-19 pandemic over the past fiscal year. The board of directors of the Pikeville City Exposition Center Corporation approved the 2020-2021 financial audit on December 13. The audit – which was conducted by […]]]>

The 2020-21 financial audit of the Pikeville City Exposition Center Corporation revealed how the Appalachian Wireless Arena was particularly affected by the COVID-19 pandemic over the past fiscal year.

The board of directors of the Pikeville City Exposition Center Corporation approved the 2020-2021 financial audit on December 13. The audit – which was conducted by Kelley Galloway Smith Goolsby, PSC – provided an overview of the arena’s financial statements and operations for the past year. , ending June 30, 2021. Chief Audit Executive Lori Dearfield presented it to the Board of Directors.

“To me, the finances didn’t look too bad, considering the COVID impacts that there was on (the arena),” Dearfield said.

According to the audit, as of June 30, 2021, the Arena had received approximately $ 1.533 million in total revenue during the year, and gross profit stood at approximately $ 818,000. The arena recorded total operating expenses of $ 1.772 million, resulting in a decrease in net operating assets of over $ 953,000. The Town of Pikeville contributed $ 745,000 to the arena’s non-operating revenues. At year end, the arena experienced a decrease in net assets (loss) of approximately $ 106,000.

Appalachian Wireless Arena general manager Paul Bowles told the board why the site suffered a loss during the year.

“For the entire half of the year we were shut down,” Bowles said. “I just want people to understand why there is a loss and that there is so much contribution from the city. It’s because of COVID, the way I see it. “

At year end, the arena had total assets of approximately $ 1.2 million, of which approximately $ 282,000 was net capital. Current liabilities totaled approximately $ 446,000.

One of the arena’s long-term liabilities included a paycheck protection program grant worth $ 225,600 that had not been canceled at year-end. The arena also received a PPP grant worth $ 257,800, which was forgiven. Total net assets were over $ 532,000. Total liabilities and net assets were approximately $ 1.214 million.

Following the board’s approval of the audit report, Bowles briefed city officials on the arena’s finances. During his short presentation, he said officials were able to host more events at the Overlook Events Center in Bob Amos Park for about three or four months when the arena was closed or limited in capacity. He said it helped make up some of their lost income during this time.

Despite that, Bowles explained how affected the arena has been over the past year.

“It was a very difficult year. When you think about it, our last gig before the pandemic was almost sold out, ”Bowles said. “But, the staff, they persevered. We adopted the rules as they came out. Believe it or not, we still accomplished 289 events during this time frame. “

He said he and other arena officials anticipate a higher number of attendees in January as events and concerts begin, such as the All-A basketball tournament and the Cody Johnson concert, which will take place at 7:30 p.m. on January 29.

“Last January we were only allowed to do All-A (tournament), and we only had about 5,000 people in the building that month, where this January comes in, we have All- A (tournament) and 5,000 people just for Cody Johnson, “he said.” So obviously we’re going to double the numbers we were doing. Right now we’re at about 60,000 event attendees. this year for the calendar year, about 420 events through November, so the event load is there. It’s just to keep that attendance coming back.

For more information on upcoming shows and events at the Appalachian Wireless Arena, call the Community Trust Bank box office at (606) 444-5500, or visit www.appalachianwirelessarena.com.


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These 4 measures indicate that Apollo Pipes (NSE: APOLLOPIPE) is using debt reasonably well https://antochi.ro/these-4-measures-indicate-that-apollo-pipes-nse-apollopipe-is-using-debt-reasonably-well/ Tue, 21 Dec 2021 01:58:39 +0000 https://antochi.ro/these-4-measures-indicate-that-apollo-pipes-nse-apollopipe-is-using-debt-reasonably-well/ Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say this when he says “The biggest risk in investing is not price volatility, but if you will suffer a loss. permanent capital “. So it can be obvious that you need to consider debt, when you think about how risky a given […]]]>

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say this when he says “The biggest risk in investing is not price volatility, but if you will suffer a loss. permanent capital “. So it can be obvious that you need to consider debt, when you think about how risky a given stock is because too much debt can sink a business. Like many other companies Apollo Pipes Limited (NSE: APOLLOPIPE) uses debt. But the real question is whether this debt makes the business risky.

When is Debt a Problem?

Debt helps a business until the business struggles to repay it, either with new capital or with free cash flow. If things really go wrong, lenders can take over the business. However, a more common (but still painful) scenario is that he has to raise new equity at low cost, thereby constantly diluting shareholders. Of course, the advantage of debt is that it often represents cheap capital, especially when it replaces dilution of a business with the ability to reinvest at high rates of return. The first thing to do when considering how much debt a business uses is to look at its cash flow and debt together.

Check out our latest review for Apollo Pipes

What is the debt of Apollo Pipes?

You can click on the graph below for historical figures, but it shows that Apollo Pipes had a debt of 237.1 million yen in September 2021, down from 284.6 million yen a year earlier. But on the other hand, it also has 408.5 million yen in cash, which leads to a net cash position of 171.5 million yen.

NSEI: APOLLOPIPE History of debt on equity December 21, 2021

A look at the responsibilities of Apollo Pipes

Zooming in on the latest balance sheet data, we can see that Apollo Pipes had liabilities of 879.9 million yen owed within 12 months and liabilities of 162.5 million yen beyond. On the other hand, he had 408.5 million yen in cash and 926.1 million yen in receivables within one year. So it actually has ₹ 292.2m Following liquid assets as total liabilities.

Considering the size of Apollo Pipes, it appears that its liquid assets are well balanced with its total liabilities. So while it’s hard to imagine the 20.7 billion yen company struggling to find cash, we still think it’s worth watching its balance sheet. In short, Apollo Pipes has clean cash flow, so it’s fair to say that it doesn’t have a lot of debt!

Even more impressive was the fact that Apollo Pipes increased its EBIT by 146% year over year. If sustained, this growth will make debt even more manageable in the years to come. The balance sheet is clearly the area to focus on when analyzing debt. But it is the earnings of Apollo Pipes that will influence the balance sheet in the future. So, when considering debt, it is really worth looking at the profit trend. Click here for an interactive snapshot.

Finally, while the IRS may love accounting profits, lenders only accept hard cash. Although Apollo Pipes has net cash on its balance sheet, it is still worth examining its ability to convert earnings before interest and taxes (EBIT) into free cash flow, to help us understand how fast it is building. (or erode) that cash. balance. Over the past three years, Apollo Pipes has burned a lot of money. While investors no doubt expect this situation to reverse in due course, this clearly means its use of debt is riskier.

In summary

While we sympathize with investors who find debt worrying, you should keep in mind that Apollo Pipes has net cash of 171.5 million yen, as well as more liquid assets than liabilities. And it has impressed us with its 146% EBIT growth over the past year. So we have no problem with Apollo Pipes’ use of debt. When analyzing debt levels, the balance sheet is the obvious place to start. However, not all investment risks lie on the balance sheet – far from it. For example, we discovered 2 warning signs for Apollo Pipes (1 shouldn’t be ignored!) Which you should be aware of before investing here.

At the end of the day, sometimes it’s easier to focus on businesses that don’t even need to go into debt. Readers can access a list of growth stocks with zero net debt 100% free, at present.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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Does Uniper (ETR: UN01) use debt wisely? https://antochi.ro/does-uniper-etr-un01-use-debt-wisely/ Sun, 19 Dec 2021 07:54:54 +0000 https://antochi.ro/does-uniper-etr-un01-use-debt-wisely/ Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess the level of risk […]]]>

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess the level of risk of a business. Like many other companies Uniper SE (ETR: UN01) uses debt. But the real question is whether this debt makes the business risky.

When is Debt a Problem?

Debt is a tool to help businesses grow, but if a business is unable to repay its lenders, then it exists at their mercy. An integral part of capitalism is the process of “creative destruction” where bankrupt companies are ruthlessly liquidated by their bankers. However, a more common (but still painful) scenario is that he has to raise new equity at low cost, thereby constantly diluting shareholders. That said, the most common situation is where a business manages its debt reasonably well – and to its own advantage. When we look at debt levels, we first consider both liquidity and debt levels.

See our latest review for Uniper

What is Uniper’s debt?

The image below, which you can click for more details, shows that in September 2021, Uniper was in debt of 5.76 billion euros, up from 1.04 billion euros in a year. However, he also had € 1.80 billion in cash, so his net debt is € 3.97 billion.

XTRA: UN01 Debt to equity history December 19, 2021

How strong is Uniper’s balance sheet?

We can see from the most recent balance sheet that Uniper had liabilities of 94.4 billion euros due within one year and liabilities of 43.6 billion euros due beyond. On the other hand, it had cash of € 1.80 billion and € 12.8 billion in receivables within one year. Its liabilities thus exceed the sum of its cash and its receivables (short term) by 123.3 billion euros.

This deficit casts a shadow over the € 15.0 billion company, like a colossus towering over mere mortals. We would therefore monitor its record closely, without a doubt. Ultimately, Uniper would likely need a major recapitalization if its creditors demanded repayment. The balance sheet is clearly the area to focus on when analyzing debt. But it is future profits, more than anything, that will determine Uniper’s ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free Analyst Profit Forecast report interesting.

Over 12 months, Uniper had revenue of 99 billion euros, a gain of 98%, although it reported no profit before interest and taxes. The shareholders are probably keeping their fingers crossed that this could generate a profit.

Emptor Warning

Even though Uniper has managed to grow his revenue quite adroitly, the hard truth is that he is losing money on the EBIT line. Its loss of EBIT was 6.2 billion euros. Thinking about this and the large total liabilities, it’s hard to know what to say about the stock due to our intense de-refinement for it. Like every wide shot, we’re sure it has a brilliant presentation outlining its blue sky potential. But the reality is that it is low on liquid assets compared to liabilities, and it lost 4.8 billion euros last year. We therefore believe that buying this stock is risky. When analyzing debt levels, the balance sheet is the obvious place to start. However, not all investment risks lie on the balance sheet – far from it. For example – Uniper has 1 warning sign we think you should be aware.

At the end of the day, sometimes it’s easier to focus on businesses that don’t even need to go into debt. Readers can access a list of growth stocks with zero net debt 100% free, at present.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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Mind Medicine Inc. (MNMD.Q) Stays Focused and Launches Phase 2a Trial of LSD for ADHD Treatment https://antochi.ro/mind-medicine-inc-mnmd-q-stays-focused-and-launches-phase-2a-trial-of-lsd-for-adhd-treatment/ Fri, 17 Dec 2021 18:25:18 +0000 https://antochi.ro/mind-medicine-inc-mnmd-q-stays-focused-and-launches-phase-2a-trial-of-lsd-for-adhd-treatment/ $ 901.372M Market Capitalization Mind Medicine Inc. (MNMD.Q) today announced the launch of a Phase 2a Proof of Concept (POC) trial of lysergic acid diethylamide (LSD) in adult patients with Attention Deficit Hyperactivity Disorder (ADHD). POC clinical studies are an early stage in clinical drug development where a compound has demonstrated potential for human therapeutic […]]]>

  • $ 901.372M Market Capitalization

Mind Medicine Inc. (MNMD.Q) today announced the launch of a Phase 2a Proof of Concept (POC) trial of lysergic acid diethylamide (LSD) in adult patients with Attention Deficit Hyperactivity Disorder (ADHD). POC clinical studies are an early stage in clinical drug development where a compound has demonstrated potential for human therapeutic use. A POC clinical study takes place after preclinical animal models and early safety testing. From this perspective, POC clinical studies play a central role in enabling a company to progress towards the commercialization of viable human therapeutics.

ADHD is one of the most common neurodevelopmental disorders in children, according to the Centers for Disease Control and Prevention. Children with ADHD usually have difficulty concentrating and behaving at one point or another. In addition, the symptoms can be severe, causing difficulty at school, at home, or with friends. Common symptoms include restlessness, forgetfulness, and careless mistakes, to make just a few. In 2016, the estimated number of children diagnosed with ADHD was 6.1 million.

Keep in mind that children with ADHD don’t just grow up because of their behaviors. Some adults who experienced milder ADHD symptoms as children may have developed coping skills to prevent ADHD from interfering with their daily lives. However, many adults living with ADHD face many challenges, including debilitating struggles with time management, impulsivity, mood swings, and disorganization. According to MindMed, out of an estimated 10 million American adults living with ADHD, only 10.9% seek and receive treatment for their condition.

On the contrary, a 2014 national survey found that nearly 9 in 10 children had received some type of behavioral treatment or vocational training. Meanwhile, between 2007 and 2016, the rate of ADHD in adults increased dramatically. 123%. In addition, the diagnosis of an adult with ADHD requires at least five symptoms of inattention, hyperactivity or impulsivity, according to the Diagnostic and Statistical Manual of Mental Disorders of the American Psychiatric Associations (DSM-5). When it comes to treatment, apparently, it takes more than just a beater to curb ADHD symptoms in adults and children.

For adults, ADHD treatments include medication, education, job training, and psychological counseling. A combination of these various treatment options is often the most effective, however, it does not cure ADHD. With this in mind, LSD has demonstrated its potential in various studies for therapeutic use. LSD was studied from the 1950s to the 1970s to assess changes in behavior and personality, as well as remission of psychiatric symptoms in various disorders. Specifically, LSD has been used to treat anxiety, depression, psychosomatic illnesses, and drug addiction.

“Psychedelics, including LSD, have been shown to have beneficial and lasting effects on mood when given in single doses that produce psychedelic effects. There is anecdotal evidence of the possible benefits of low to very low doses of psychedelics given repeatedly. This is the first controlled study to validly assess the therapeutic effects of very low doses of a psychedelic in patients, ”commented Dr. Matthias Liechtenstein, Basel University Hospital and co-principal investigator of the trial.

LSD has been shown to be effective in treating neurotic symptoms, heroin use disorders, anxiety associated with life-threatening illnesses, and drug use disorders, according to a study published by Frontiers in Psychiatry. ‘alcohol. Overall, the study recognized the therapeutic potential of LSD in reducing psychiatric symptomatology. In fact, a majority of authors have described important short term changes in patients. With this in mind, through a Phase 2a POC trial, MindMed will further explore the therapeutic value of LSD in the treatment of ADHD.

The Phase 2a POC trial is a multicentre, randomized, double-blind, placebo-controlled trial evaluating the safety and efficacy of low-dose LSD as a treatment for ADHD in adults. The trial aims to enroll a total of 52 patients who will receive 20 micrograms (µg) of LSD at each dose or placebo for 6 weeks. the main evaluation criteria are a mean change from baseline in ADHD symptoms, as assessed by AISRS after 6 weeks of treatment. The POC trial will be carried out in collaboration with the University Hospital of Basel in Switzerland and the University of Maastricht in the Netherlands.

“We have designed a robust randomized clinical trial to replicate and extend the promising results of smaller, open-label trials conducted previously. This trial will evaluate our treatment regimen in a tightly controlled setting and help optimize dosing regimen, compound selection and clinical management. Additionally, this trial will provide additional information on the mechanisms by which psychedelics exert their therapeutic effects, ”said Dr Miri. Halperin Wernli, executive chairman of MindMed.

The trial will be led by Dr Matthias Liechtenstein, University Hospital Basel, Switzerland, and Dr Kim Kuypers, Maastricht University, The Netherlands. It should be noted that the global ADHD therapy market is expected to reach 45.68 billion US dollars by 2026, up from US $ 29.56 billion in 2021. This market is growing at a compound annual growth rate (CAGR) of 9.09%. The growth can largely be attributed to the frequency of ADHD increasing at a higher rate. Besides, increasing advancements in medical field, research and awareness is expected to fuel the market growth considerably.

According to MindMed’s second quarter 2021 financial statements, the company had cash of $ 157,036 as of June 30, 2021, compared to $ 80,094 as of December 31, 2020. As of June 30, 2021, MindMed had total assets and total liabilities. of USD 193,869 and USD $ 17,466, respectively. In comparison, as at December 31, 2020, the Company had total assets and total liabilities of US $ 85,644 and US $ 2,377, respectively.

For the quarter ended June 30, 2021, MindMed’s research and development expenses increased to $ 4,667 from $ 2,700 as of June 30, 2020. In total, for the quarter ended June 30, 2021, the Company reported a net loss of USD 35,575 US $ 5,757 for the quarter ended June 30, 2020. For the six-month period ended June 30, 2021, these figures translate to US $ 51,146 and US $ 12,778, respectively.

MindMed’s stock price opened at $ 2.16, from a previous close of $ 2.11. Shares of the company are up 1.42% and were trading at $ 2.14 as of 12:31 p.m. EST.


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