If a business turned over nearly 87 million dollars in annual revenue, returned a 21 million dollar end of year surplus, owned assets worth more than a billion, had just 25 million dollars of debt and 17 million in cash at the June 30 balance date, you’d think the operation was in fine fettle.
Looking to the future you’d hope that revenue and profit would continue to increase and that if major investment was needed for future growth, there was plenty of headroom to increase debt.
Except that this is not any normal business we’re talking about.
Except that this is not any normal business we’re talking about.
