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28-08-2017, 04:14 PM
I just check - SGXStockFacts shows company has Total Debt of S$1014.1 million, and cash & ST investments of only S$20.32 million. http://www.sgx.com/wps/portal/sgxweb/hom...lang=en-us
How do one reconcile such high debts and low cash with this recent article from SGX Gateway? Strong Balance Sheet claim???
http://ebm.cheetahmail.com/c/tag/hBZn4SnB86$MfB9faMNAAFAgcjX/doc.html
For convenience, the relevant short extract taken as follows bellow in "....":
"Cash is King
As at 31 December 2016, the Group's cash balances stood at US$15.1 million, up from US$13.8 million as at end-2015. At end-June 2017, its cash and cash equivalents were stable at US$14.8 million.
POSH's strong balance sheet has enabled it to clinch landmark projects from global oil majors, including Shell, Inpex and Total. "Some of our competitors were awarded contracts, but could not deliver due to balance-sheet distress," he noted."
Appreciate comments and enlightment. I am not from financial or accounting background
How do one reconcile such high debts and low cash with this recent article from SGX Gateway? Strong Balance Sheet claim???
http://ebm.cheetahmail.com/c/tag/hBZn4SnB86$MfB9faMNAAFAgcjX/doc.html
For convenience, the relevant short extract taken as follows bellow in "....":
"Cash is King
As at 31 December 2016, the Group's cash balances stood at US$15.1 million, up from US$13.8 million as at end-2015. At end-June 2017, its cash and cash equivalents were stable at US$14.8 million.
POSH's strong balance sheet has enabled it to clinch landmark projects from global oil majors, including Shell, Inpex and Total. "Some of our competitors were awarded contracts, but could not deliver due to balance-sheet distress," he noted."
Appreciate comments and enlightment. I am not from financial or accounting background