The good news is they have a fair bit of cash, worth about 29p/share (based on £5.8m cash with 20m shares). This should keep them solvent for a few years."
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This is confirmed by their Quick Ratio of a healthy 5.57.
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(Quick Ratio:
"It shows the number of times current liabilities are covered by assets readily convertible into cash. Generally speaking, a value greater than 1.00 indicates short term debts are fully covered, so the ratio can be a useful indicator of a company’s immediate financial health.")
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