Which figures are you using ? Looking at the current report,
current liabilities almost cut in 1/2 and long term liabilities
decreased by about 40% and stockholders equity tripled.
See below and then please explain how you get 2:1 debt ratio.
From what I see, now it is less than 1.0 if you add it up.
(Current Liab+Long Term Liab) / (Current Assets+Prop,Plant,Equip)
=0.87 if my math is correct for current ratio and 1.61 for the previous figures.
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NUTRACEUTICAL INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
(dollars in thousands)
March 31, September 30,
1998 1997
ASSETS
Current assets $39,412 $35,084
Property, plant, and equipment, net 10,776 10,711
Goodwill, net 41,397 42,008
Other assets, net 1,234 2,307
$92,819 $90,110
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities $10,076 $19,468
Long-term liabilities 33,407 54,288
Stockholders' equity 49,336 16,354
$92,819 $90,110 |
