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Strategies & Market Trends : Bankruptcy Predictor Model -- Ignore unavailable to you. Want to Upgrade?


To: Greg Jung who wrote (104)3/20/1999 2:49:00 PM
From: Mad2  Read Replies (1) | Respond to of 477
 
HMAR
The 2992% was off the Q included in the section that I copied. Main point is debit service as a percent of net income and the change for 3 rd to 4th quarter as well as prior year period. The obvious is that as a continued decline in operating income will result in net losses. Of course there is always depreciation (non cash, however then one needs get into capital spending. In this business how much capital is needed to maintain equipment). Frequently in a business involving capital assets (particularly involving older equipment) capital expenses to maintain equipment can equal depreciation. In the case of HMAR I don't know that answer, however to someone ivested in them it is important to figure how (long) they can stay alive without canabalizing themselves in this down market.