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Ren is burning cash. It's a crucial point to ponder ..showing how long a business can survive with current funds, though for future rev and funding needs to shape and recover its financial health. It tough when u re in PN17 status....
Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. If things get really bad, the lenders can refuse to facilitate further loans. One way is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. . This is whats going on now
Hahaaa what we should care about is avoiding the permanent loss of capital.
It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business about to collapses...... its swaying into this black holeeeeeee
