Haslams having money issues

#53
#53
Translation: Author doesn't understand basic accounting and/or anything to do with business. He states in the article that they have $29.3 Billion in revenue. We don't know the expenses but even if it was 5% profit margin (which it is probably higher) you are looking at $1.4 Billion in income. Easily enough to service the debt. Plus, net income isn't the amount the compnay would be taking in cash (Cash Flows). That number would be higher due to the depreciation and possibly other non-cash expenses...

A large part of that $1.4 billion income was obtained illegally though, and now customers want it back!
 
  • Like
Reactions: 1 person

VN Store



Back
Top