Debt Company – CTXETG http://ctxetg.com/ Fri, 14 Jan 2022 14:05:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ctxetg.com/wp-content/uploads/2021/06/icon-150x150.png Debt Company – CTXETG http://ctxetg.com/ 32 32 Urban Umbrella Raises $6.5M in Venture Debt Funding https://ctxetg.com/urban-umbrella-raises-6-5m-in-venture-debt-funding/ Fri, 14 Jan 2022 14:02:40 +0000 https://ctxetg.com/urban-umbrella-raises-6-5m-in-venture-debt-funding/ News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. Capital will fuel expansion of production capacity, growth of secondary markets and deepening of penetration in New York NEW YORK–(BUSINESS WIRE)–Urban Umbrella, New York City’s premier scaffolding design alternative, today announced that it […]]]>

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here.


Capital will fuel expansion of production capacity, growth of secondary markets and deepening of penetration in New York

NEW YORK–(BUSINESS WIRE)–Urban Umbrella, New York City’s premier scaffolding design alternative, today announced that it has raised $6.5 million in venture capital debt. The round was led by New York-based Anthos Properties, a commercial and residential real estate developer and property management company.

This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20220114005076/en/

Urban Umbrella’s sidewalk shed can and has been used as an event or retail awning. (Photo: BusinessWire)

Paul Anagnostopoulos, director and director of acquisitions of Anthos, as well as Billy Gilbane of Gilbane Building Company have joined the Urban Umbrella advisory board. More than a dozen former investors, mostly New York-based property owners and developers, also participated in the round.

With the completion of this funding round, Urban Umbrella has raised a total of $26 million in debt and equity. As of December 2021, the company’s scaffolding was installed at 100 sites throughout New York City.

The new capital injection will allow Urban Umbrella to continue accelerating manufacturing of its flagship product – a white, braced-free sidewalk shelter comprised of high-strength steel, translucent plastic panels, LED lighting and arched struts. which combine the strength of a road bridge and the beauty of a work of art.

“Closing this all-debt funding round is an important milestone for us,” said Benjamin Krall, Founder and CEO of Urban Umbrella. “It speaks to the maturation of our brand and the evolution as a company. Not only are we providing a unique and in-demand product, but we can also be counted on to continue our rapid growth trajectory and achieve the level of profitability necessary to meet the conditions for this type of financing.

Demand for Urban Umbrella’s products as an alternative to unsightly traditional scaffolding shows no signs of abating. Collectively, New York City building owners spend approximately $500 million annually to install or maintain scaffolding, making New York City the world’s largest market for scaffolding products. At any given time, 10,000 sidewalk shelters are in place across the city to protect pedestrians from masonry and other debris that may fall from buildings in need of repair.

Urban Umbrella reached profitability in October 2021.

Urban Umbrella clients include some of New York’s largest developers, building owners and general contractors including Savanna Fund, Sciame Construction, Gilbane Building Company, The Feil Organization, GFP Real Estate, Lendlease Group, Saks Fifth Avenue, RXR, The Palace Hotel, The Peninsula Hotel, The Plaza Hotel, RFR and Hines.

“Urban Umbrella provides a premium product that Savanna has deployed on many of our construction and development projects across New York City,” said Krista Jones, project manager at Savanna. “Their team provides an excellent user experience, combined with a unique, high-end design that really enhances our appearance when work is going on in a building.”

The pandemic has shifted the balance of power, prompting landlords to roll out the red carpet for surviving retail and restaurant tenants. Urban Umbrella is between three and five times more expensive than traditional scaffolding, but the company continues to gain traction, despite its higher price.

Urban Umbrella also plans to use the new funds to hire key people in early 2022, to continue expanding the company’s product lines and to grow its geographic footprint in markets like Boston, Connecticut and Chicago.

The company is the only one in the scaffolding industry to offer free maintenance, seven days a week, 24 hours a day.

Illustrating landowners’ preference for Urban Umbrella over traditional scaffolding, a significant driver of demand for the company’s products in 2021 was “trades”, i.e. when Urban Umbrella is hired. to install his scaffolding to replace the old traditional scaffolding.

Examples include:

  • The Palace Hotel: The property hired Urban Umbrella to replace the traditional scaffolding that surrounded this historic structure on Madison Avenue, and to complete the existing work by installing Urban Umbrella scaffolding in the hotel’s main courtyard. Preserving the aesthetic appeal of the courtyard was important to the hotel owners as it is a popular location for weddings, film and photo shoots, and as an amenity for hotel guests.
  • Saks Fifth Avenue: The property hired Urban Umbrella to replace the traditional scaffolding installed at the department store’s iconic Fifth Avenue entrance. The location is known for its extravagant light show on the facade and the owners of the building did not want to risk traditional green scaffolding detracting from the enjoyment of this beloved annual attraction.

Urban Umbrella will use part of its new capital to develop its new division of modular structures, Canopies. Urban Umbrella’s sidewalk shed can and has been used as an event or retail awning, each of which combines various elements from the company’s aforementioned kit of parts. Current and past customers, including Uber, Chanel, Apple, Bank of America, Northwell Health, IMG, New York Fashion Week, and several restaurants and schools, have taken advantage of the non-traditional uses of the Urban Umbrella product.

The Canopies product allows customers to add heaters, fans, speakers, pedestrian tracking/counting, hand sanitizer dispensers, custom signage, branding, color and lighting, as well as stairs/terraces for the socialization of pedestrians.

Examples include:

  • In September 2021, Spring Studios engaged Urban Umbrella to install their event canopy to provide shelter, shade, and branding for their client, international modeling agency IMG, during a nine-day event. from New York Fashion Week. Another notable client for Urban Umbrella’s event canopy is Bank of America’s Bryant Park Winter Village rink.

  • Chanel and Apple have put Urban Umbrella’s retail awning to good use. The retail awning has become a tool for stores to not only control occupancy for COVID-related reasons, but also for anti-theft and customer service purposes. With staffing continuing to be an issue, retailers are also limiting store occupancy for this reason. The retail canopy product, a queue management tool, allows customers to comfortably queue outside until it is their turn to enter, while protecting them from the elements.

“We’ve been seduced by Urban Umbrella’s product over the years,” said Anagnostopoulos of Anthos. “Now, as investors and members of the company’s advisory board, we look forward to seeing the company build on its success as it continues to break into the New York City market and create new beachheads in other North American cities.”

About the Urban Umbrella

Urban Umbrella is the designer, patent holder and manufacturer of the only alternative scaffold bridge on the market that is approved by the New York Department of Building. This unique product has been the premier design substitute for traditional scaffolding in over 60 years. In an international design competition with more than 260 applicants, Mayor Michael Bloomberg and Department of Buildings Commissioner Robert LiMandri proclaimed Urban Umbrella the new example of scaffolding for NYC. The Urban Umbrella design was chosen to help improve quality of life, reduce construction impacts on businesses, increase pedestrian safety and increase the space available for pedestrians on sidewalks. Additional information about Urban Umbrella is available at https://www.urbanumbrella.com/

Marynia Kruk

Antenna group

marynia.kruk@antennagroup.com

347-452-7753

Source: Urban Umbrella

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Collins Foods (ASX: CKF) Seems to Use Debt Quite Wisely https://ctxetg.com/collins-foods-asx-ckf-seems-to-use-debt-quite-wisely/ Mon, 10 Jan 2022 21:56:29 +0000 https://ctxetg.com/collins-foods-asx-ckf-seems-to-use-debt-quite-wisely/ Legendary fund manager Li Lu (whom Charlie Munger supported) once said, “The biggest risk in investing is not price volatility, but the possibility that you will suffer a permanent loss of capital.” So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when […]]]>

Legendary fund manager Li Lu (whom Charlie Munger supported) once said, “The biggest risk in investing is not price volatility, but the possibility that you will suffer a permanent loss of capital.” So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess the level of risk of a business. Above all, Collins Foods Limited (ASX: CKF) is in debt. But the most important question is: what risk does this debt create?

When is debt dangerous?

Debts and other liabilities become risky for a business when it cannot easily meet these obligations, either with free cash flow or by raising capital at an attractive price. Ultimately, if the company cannot meet its legal debt repayment obligations, shareholders could walk away with nothing. While it’s not too common, we often see indebted companies continually diluting their shareholders because lenders are forcing them to raise capital at a ridiculous price. Of course, many companies use debt to finance their growth without negative consequences. When we think of a business’s use of debt, we first look at cash flow and debt together.

See our latest review for Collins Foods

What is the debt of Collins Foods?

As you can see below, Collins Foods was in debt of A $ 287.9 ​​million in October 2021, up from A $ 317.8 million the year before. However, it has A $ 90.0 million in cash offsetting this, leading to net debt of around A $ 197.8 million.

ASX: CKF History of debt to equity January 10, 2022

How strong is Collins Foods’ balance sheet?

According to the latest published balance sheet, Collins Foods had a liability of A $ 140.8 million due within 12 months and a liability of A $ 685.9 million due beyond 12 months. In return, he had A $ 90.0 million in cash and A $ 3.43 million in receivables due within 12 months. As a result, it has liabilities totaling AU $ 733.2 million more than its cash and short-term receivables combined.

This deficit is not that big of a deal as Collins Foods is worth A $ 1.49 billion, and could therefore probably raise enough capital to consolidate its balance sheet, should the need arise. But we absolutely want to keep our eyes open for indications that its debt is too risky.

We measure a company’s indebtedness relative to its earning capacity by looking at its net debt divided by its earnings before interest, taxes, depreciation, and amortization (EBITDA) and calculating the ease with which its earnings before interest and taxes (EBIT ) covers its interests. costs (interest coverage). In this way, we consider both the absolute amount of debt, as well as the interest rates paid on it.

While Collins Foods’ low debt-to-EBITDA ratio of 1.4 suggests only a modest use of debt, the fact that EBIT only covered interest expense 3.3 times last year makes us reflect. We therefore recommend that you keep a close eye on the impact of financing costs on the business. Collins Foods increased its EBIT by 7.0% over the past year. It’s far from incredible, but it’s a good thing when it comes to paying down debt. When analyzing debt levels, the balance sheet is the obvious place to start. But it is future profits, more than anything, that will determine Collins Foods’ ability to maintain a healthy balance sheet in the future. So, if you want to see what the professionals think, you might find this free Analyst Profit Forecast report interesting.

Finally, a business can only repay its debts with hard cash, not with accounting profits. We must therefore clearly examine whether this EBIT leads to the corresponding free cash flow. Over the past three years, Collins Foods has recorded free cash flow totaling 95% of its EBIT, which is higher than what we normally expected. This puts him in a very strong position to pay off the debt.

Our point of view

Based on our analysis, converting Collins Foods’ EBIT to free cash flow should indicate that it will not have too many problems with its debt. However, our other observations were not so encouraging. For example, his interest coverage makes us a little nervous about his debt. Given this range of data points, we believe Collins Foods is well positioned to manage its debt levels. That said, the load is heavy enough that we recommend that any shareholder watch it closely. The balance sheet is clearly the area to focus on when analyzing debt. But at the end of the day, every business can contain risks that exist off the balance sheet. For example – Collins Foods has 1 warning sign we think you should be aware.

At the end of the day, sometimes it’s easier to focus on businesses that don’t even need to go into debt. Readers can access a list of growth stocks with zero net debt 100% free, at present.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

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Here’s Why Luster Industries Bhd (KLSE: LUSTER) Can Responsibly Manage Debt https://ctxetg.com/heres-why-luster-industries-bhd-klse-luster-can-responsibly-manage-debt/ Sun, 09 Jan 2022 01:41:17 +0000 https://ctxetg.com/heres-why-luster-industries-bhd-klse-luster-can-responsibly-manage-debt/ Warren Buffett said: “Volatility is far from synonymous with risk”. When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Like many other companies Chandelier Industries Bhd (KLSE: LUSTER) uses debt. But does this debt worry shareholders? What risk […]]]>

Warren Buffett said: “Volatility is far from synonymous with risk”. When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Like many other companies Chandelier Industries Bhd (KLSE: LUSTER) uses debt. But does this debt worry shareholders?

What risk does debt entail?

Debt is a tool to help businesses grow, but if a business is unable to repay its lenders, then it exists at their mercy. If things really go wrong, lenders can take over the business. While it’s not too common, we often see indebted companies continually diluting their shareholders because lenders are forcing them to raise capital at a ridiculous price. Of course, many companies use debt to finance their growth without negative consequences. The first thing to do when considering how much debt a business uses is to look at its cash flow and debt together.

Check out our latest review for Luster Industries Bhd

How much debt does Luster Industries Bhd have?

You can click on the graph below for historical figures, but it shows that as of September 2021, Luster Industries Bhd had a debt of RM16.1million, an increase from RM13.8million, over a year. However, he has RM76.4million in cash offsetting this, which leads to a net cash position of RM60.3million.

KLSE: LUSTER History of debt to equity January 9, 2022

How healthy is Luster Industries Bhd’s balance sheet?

The latest balance sheet data shows that Luster Industries Bhd had liabilities of RM 111.3 million due within one year, and RM 40.0 million liabilities due after that. In compensation for these obligations, he had cash of RM 76.4 million as well as receivables valued at RM 176.9 million due within 12 months. So it actually has RM101.9m Following liquid assets as total liabilities.

This surplus suggests that Luster Industries Bhd is using the debt in a way that seems both safe and conservative. Because he has a lot of assets, he is unlikely to have any problems with his lenders. Simply put, the fact that Luster Industries Bhd has more cash than debt is arguably a good indication that it can safely manage its debt.

Also good is that Luster Industries Bhd has increased its EBIT to 20% over the past year, further increasing its ability to manage debt. The balance sheet is clearly the area to focus on when analyzing debt. But it is the profits of Luster Industries Bhd that will influence the balance sheet in the future. So, when considering debt, it is really worth looking at the profit trend. Click here for an interactive snapshot.

Finally, while the IRS may love accounting profits, lenders only accept hard cash. Although Luster Industries Bhd has net cash on its balance sheet, it is still worth looking at its ability to convert earnings before interest and taxes (EBIT) into free cash flow, to help us understand how fast it is building. (or erode) that cash balance. Over the past three years Luster Industries Bhd has spent a lot of money. While investors no doubt expect this situation to reverse in due course, this clearly means that its use of debt is riskier.

In summary

While it is always a good idea to investigate a company’s debt, in this case Luster Industries Bhd has RM60.3million in net cash and a decent balance sheet. And it impressed us with its 20% EBIT growth over last year. We are therefore not concerned about the use of debt by Luster Industries Bhd. The balance sheet is clearly the area to focus on when analyzing debt. But at the end of the day, every business can contain risks that exist off the balance sheet. Concrete example: we have spotted 2 warning signs for Luster Industries Bhd you need to be aware of it, and one of them is a little rude.

At the end of the day, sometimes it’s easier to focus on businesses that don’t even need to go into debt. Readers can access a list of growth stocks with zero net debt 100% freeat present.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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Triunfo Participações e Investimentos (BVMF: TPIS3) has debt but no profit; Should we be worried? https://ctxetg.com/triunfo-participacoes-e-investimentos-bvmf-tpis3-has-debt-but-no-profit-should-we-be-worried/ Fri, 07 Jan 2022 09:29:56 +0000 https://ctxetg.com/triunfo-participacoes-e-investimentos-bvmf-tpis3-has-debt-but-no-profit-should-we-be-worried/ Warren Buffett said: “Volatility is far from synonymous with risk”. When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Like many other companies Triunfo Participações e Investimentos SA (BVMF: TPIS3) uses debt. But should shareholders be concerned about […]]]>

Warren Buffett said: “Volatility is far from synonymous with risk”. When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Like many other companies Triunfo Participações e Investimentos SA (BVMF: TPIS3) uses debt. But should shareholders be concerned about its use of debt?

What risk does debt entail?

Debts and other liabilities become risky for a business when it cannot easily meet these obligations, either with free cash flow or by raising capital at an attractive price. An integral part of capitalism is the process of “creative destruction” where bankrupt companies are ruthlessly liquidated by their bankers. However, a more common (but still costly) event is when a company has to issue stock at bargain prices, constantly diluting shareholders, just to strengthen its balance sheet. By replacing dilution, however, debt can be a very good tool for companies that need capital to invest in growth at high rates of return. When we think of a business’s use of debt, we first look at cash flow and debt together.

See our latest analysis for Triunfo Participações e Investimentos

What is the debt of Triunfo Participações e Investimentos?

As you can see below, Triunfo Participações e Investimentos had a debt of R $ 1.71 billion in September 2021, up from R $ 1.92 billion the year before. However, he has 78.0 million reais in cash offsetting this, which leads to a net debt of around 1.63 billion reais.

BOVESPA: TPIS3 History of debt to equity January 7, 2022

How strong is Triunfo Participações e Investimentos’ balance sheet?

According to the last published balance sheet, Triunfo Participações e Investimentos had liabilities of R $ 561.0 million due within 12 months and liabilities of R $ 1.74 billion beyond 12 months. In return, he had 78.0 million reals in cash and 85.3 million reals in receivables due within 12 months. It therefore has liabilities totaling 2.13 billion reais more than its combined cash and short-term receivables.

This deficit casts a shadow over the R $ 327.9million society like a towering colossus of mere mortals. We would therefore monitor its record closely, without a doubt. Ultimately, Triunfo Participações e Investimentos would likely need a major recapitalization if its creditors demanded repayment. There is no doubt that we learn the most about debt from the balance sheet. But it is the profits of Triunfo Participações e Investimentos that will influence the way the balance sheet is kept in the future. So, when considering debt, it is really worth looking at the profit trend. Click here for an interactive snapshot.

Over 12 months, Triunfo Participações e Investimentos reported a turnover of 1.1 billion reais, a gain of 6.0%, although it reported no profit before interest and taxes. We usually like to see unprofitable businesses growing faster, but each in their own way.

Emptor Warning

It is important to note that Triunfo Participações e Investimentos recorded a loss of profit before interest and taxes (EBIT) during the last year. Indeed, he lost 20 million reais in EBIT. When you combine this with the very large balance sheet liabilities mentioned above, we are so wary of them that we are basically at a loss for the right words. Like every wide shot, we’re sure it has a brilliant presentation outlining its blue sky potential. But on the bright side, the company actually generated a statutory profit of R $ 291 million and free cash flow of R $ 133 million. Thus, his situation may not be as precarious as EBIT would suggest. The balance sheet is clearly the area to focus on when analyzing debt. However, not all investment risks lie on the balance sheet – far from it. Note that Triunfo Participações e Investimentos shows 5 warning signs in our investment analysis , and 1 of them should not be ignored …

Of course, if you are the type of investor who prefers to buy stocks without going into debt, feel free to check out our exclusive list of cash net growth stocks today.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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Sona announces appointment of two new directors, debt settlement and grant of options https://ctxetg.com/sona-announces-appointment-of-two-new-directors-debt-settlement-and-grant-of-options/ Wed, 05 Jan 2022 13:42:00 +0000 https://ctxetg.com/sona-announces-appointment-of-two-new-directors-debt-settlement-and-grant-of-options/ This press release constitutes a “designated press release” for the purposes of the Company’s prospectus supplement dated April 9, 2021 to its short form base prospectus dated March 31, 2021 Halifax, Nova Scotia – (Newsfile Corp. – January 5, 2022) – Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) (the “Company” or “Sona”) is pleased to […]]]>

This press release constitutes a “designated press release” for the purposes of the Company’s prospectus supplement dated April 9, 2021 to its short form base prospectus dated March 31, 2021

Halifax, Nova Scotia – (Newsfile Corp. – January 5, 2022) – Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) (the “Company” or “Sona”) is pleased to announce the appointment of Mr. Neil Fraser and Dr. Walter Strapps, Ph.D., on the Board of Directors of the Company.

Mr. Fraser is President of Medtronic Canada, a subsidiary of the world leader in healthcare technologies. He is a member of the Industry Advisory Board of the School of Biomedical Engineering at the University of British Columbia and a member of the CD Howe Institute’s Health Policy Council, as well as a past President of Medtech Canada and was a member of Health Canada’s Advisory Group on Health Innovation chaired by Dr. David Naylor. He holds an MBA from the University of Western Ontario and a BASc. in Chemical Engineering from UBC.

Dr. Strapps was until recently Scientific Director of Gemini Therapeutics, a NASDAQ-listed biotechnology company. Prior to this role, Dr. Strapps led Discovery at Intellia Therapeutics, the first CRISPR-Cas9 company to demonstrate gene editing in vivo. Dr Strapps worked in the area of ​​RNA therapy using chemically modified nucleotides at Merck & Co., Inc. He holds a PhD, M.Phil. and a master’s degree from Columbia University and a bachelor’s degree in biology from McGill University.

Mr. Fraser and Dr. Strapps replace Mr. Dan Whittaker and Mr. Robert McKay, both of whom have long served on the Company’s Board of Directors, the former having served as Chairman. “On behalf of the company and the board, I would like to thank Dan and Rob for their guidance and support during a transition period for Sona, and also welcome Neil and Walter to the team,” a said David Regan, CEO of Sona.

The Company also arranged a debt settlement of $ 1,452,724 in amounts owed to Numus Financial Inc. (“Numus“). These amounts include accounts payable to Numus of $ 813,895 under its service agreement with the Company dated October 31, 2018 (the”Service agreement“) for rent, and advisory, monitoring and administrative services provided to Sona, and a loan payable (with accrued charges and interest) of $ 638,829 (the”DebtsAs part of an agreement that includes changes to the service agreement to reduce service charges and provide more flexibility to Sona, Numus will write off $ 302,400 and the remaining debts of $ 1,150,324 will be settled in full by issuing to these creditors an aggregate amount of 2,556,276 common shares at a deemed price of $ 0.45 per share. All such shares will be subject to resale restrictions prohibiting resale for a period of 4 months and one day from their date of issue.

Due to the service agreement and the sharing of a common administrator with Sona, Numus may be considered a related party of Sona for the purposes of Multilateral Instrument 61-101. Protection of holders of minority securities in special transactions (“MI 61-101Therefore, the debt settlement with Numus has been approved by the independent directors of the Company, and the settlement is exempt from the minority approval and formal valuation requirements of MI 61-101 as the total amount involved is less than 25% of the market capitalization, as determined in accordance with this instrument.

Sona expects the settlement of the Debt and Services Agreement Amendment to positively affect its financial statements and give Sona greater operational flexibility.

The Company has granted 125,000 incentive stock options to each of Mr. Fraser and Dr. Strapps under the Company’s Stock Option Plan (the “Option Plan”) . Each option is exercisable in one common share at a price of $ 0.45 per share and will vest at a rate of 25% every six months. The options will expire five years after the grant date. All other terms and conditions of the options are in accordance with the terms of the Company’s stock option plan.

ON BEHALF OF THE BOARD OF DIRECTORS

David Regan, CEO

Investor Relations Contact:
Arlen hansen
1 604 684 6730 | 1 866 684 6730
arlen@kincommunications.com

About Sona Nanotech Inc.

Sona Nanotech is a life science nanotechnology company that has developed several proprietary methods for manufacturing various types of gold nanoparticles. The main activity performed and intended to be continued by Sona is the development and application of its proprietary technologies for use in multiplex diagnostic test platforms which will improve performance over existing tests in the market. Sona Nanotech’s gold nano rod particles are CTAB (cetyltrimethylammonium) free, which eliminates the risks of toxicity associated with the use of other gold nano rod technologies in medical applications. It is anticipated that Sona’s gold nanotechnologies can be adapted for use in applications, as a safe and effective delivery system for multiple medical treatments, subject to the approval of various regulatory bodies, including Health Canada. and the FDA.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS .

CAUTION REGARDING FORWARD-LOOKING INFORMATION: This press release includes certain “forward-looking statements” under applicable Canadian securities legislation, including statements regarding the early completion of the debt settlement and its effect on the financial statements. and Sona’s operational flexibility. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results to occur. and future events differ materially from those expressed or implied. by such forward-looking statements, including the risk that Sona may fail to identify biomedical applications for its technology with adequate market potential or not at all. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements. Sona disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Do not distribute to news agencies in the United States or distribute in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109123


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Get out of this debt trap! https://ctxetg.com/get-out-of-this-debt-trap/ Sat, 01 Jan 2022 20:02:00 +0000 https://ctxetg.com/get-out-of-this-debt-trap/ ILLUSTRATION BY ALBERT G. RODRIGUEZ Filipinos took on more debt in 2021. What’s worse is that in true Filipino style, these types of debt carry massive, hidden, compound interest at 3% per day. Some online lenders harass those who are unable to pay; they are selling borrower information and their physical addresses on their websites […]]]>

ILLUSTRATION BY ALBERT G. RODRIGUEZ

Filipinos took on more debt in 2021.

What’s worse is that in true Filipino style, these types of debt carry massive, hidden, compound interest at 3% per day. Some online lenders harass those who are unable to pay; they are selling borrower information and their physical addresses on their websites are fake. Those who wish to restructure their loans have no way of officially contacting these companies.

The screenshots of the cell phone messages from the debt collectors are incredibly crude. “(Expletive) ninyong dalawa, mga magnanakaw. Bayaran ninyo ang pinagsabwatan ninyong pera kung ayaw ninyo can bumulagta na lang sa mga pamilya and mga kaibigan ninyo. Nakatimbre na kayo. Nandito ang littrato and other information regarding (expletive) kayo. Take advantage of your work experience. Tatrabahuhin ko kayo; hindi ko kayo titigilan tandaan niyo yan ”, we read. The rough translation is something you would expect to hear from gangsters, not financial institutions: “You two are @ # $% # thieves. Pay off your debt if you don’t want your family or friends to fall. You are in the results list. We have your photos and your personal information, you @ #[email protected]%%. You’ll pay with your life, I’ll make sure. I won’t let this go, remember that.

FinTech, presented as the savior who will democratize finance, has a very dark side.

Some borrowers may have abused their money, causing them to go into debt. Others have struggled with health-related financial issues over the past two years. Whatever the cause of the indebtedness, however, all borrowers have rights. Their information should be protected and they should not have to deal with this kind of harassment.

In fact, the Securities and Exchange Commission (SEC) recently banned the registration of new online lending platforms due to the wave of complaints it has received from borrowers. Circular No.18, 2019 series states that unfair debt collection practices such as threats, obscenities, disclosure of private information and even making contact at unreasonable hours will be penalized. The maximum 100,000P penalty could be increased to make it a more deterrent, but it’s already a good start. Circular 19 now requires all online lending agencies and platforms to register with the SEC.

Suppression of wear and tear

An interest rate cap is also being developed. Kelvin Lee, commissioner of the SEC, told me in a text message that the SEC and the Bangko Sentral ng Pilipinas (BSP) were in the process of finalizing the board circular. This one should be released in mid-January.

To date, the BSP already prescribes a maximum monthly interest rate of 2% on credit card loans or 24% per year.

“The main objective of the SEC is the protection of consumers, therefore the strict regulations for online loans. If they are found to be in violation, we will have them removed by Google or Apple (app stores) and shut down those companies. But we notice that some of these entities are not registered at all, ”said Lee.

This means that borrowers themselves need to get rid of the culture of utang (debt) by 2022. No personal finance advice carries more weight than being wise in choosing your lender, d ” learn to compare and calculate effective interest rates and adopt financial literacy.

For example, a person who borrows 3,000 pesos may get a net amount of 2,800 pesos. He or she then pays P3,500 in four days. This translates into interest of 2,281.25% per annum. No amount of investment can help you earn that much. And because the interest rate is so high, you end up borrowing again to refinance that loan. After all, you can transfer the money straight to your GCash in five minutes.

This is how financial burrows are created. Even the 5-6 common lenders were not so convenient and so deadly.

To liberate oneself

For those who are already caught in the clutches of these scam online loan applications, here are some tips:

1) Negotiate with your borrower in writing. Send your letter to the online lending platform by courier and get these documents received with a date and signature. Do it as soon as you realize that you can’t meet your due dates. Do not use cell phones, calls or emails. You must have documentation. Some of those who traded successfully reduced their total payments by 80%.

2) Alert your contacts on your phone that someone might be sending them these kinds of messages. It’s better that they hear your predicament from you.

3) If your emotional and mental state is already at risk, change your number and deactivate your social media accounts.

4) Take an inventory of all your debts. Put them in a spreadsheet with the highest interest rates first. Draw up a debt payment plan in which you are able to repay each of your lenders every period. Each time a lender is paid off in full, add the amount you pay them to the amount of the second loan. This considerably speeds up your payment process.

5) Look for registered and legitimate loan consolidators. Try government lenders like the social security system or the insurance system of government services, co-ops or family and friends. Sell ​​as much of your personal belongings as you can. If you are borrowing from family and friends, write a contract and the terms of your loan. And make sure you pay them on time.

My company, Empower and Transform, helps those who are in debt due to unavoidable circumstances like hospitalization and debt by teaching them these strategies. —FIVE CONTRIBUTED

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We believe that SSE (LON: SSE) can stay on top of its debt https://ctxetg.com/we-believe-that-sse-lon-sse-can-stay-on-top-of-its-debt/ Fri, 31 Dec 2021 05:30:23 +0000 https://ctxetg.com/we-believe-that-sse-lon-sse-can-stay-on-top-of-its-debt/ Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say this when he says “The biggest risk in investing is not price volatility, but if you will suffer a loss. permanent capital “. When we think about how risky a business is, we always like to look at its use of debt […]]]>

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say this when he says “The biggest risk in investing is not price volatility, but if you will suffer a loss. permanent capital “. When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Above all, SSE plc (LON: SSE) is in debt. But the real question is whether this debt makes the business risky.

When is debt dangerous?

Debts and other liabilities become risky for a business when it cannot easily meet these obligations, either with free cash flow or by raising capital at an attractive price. Ultimately, if the company cannot meet its legal debt repayment obligations, shareholders could walk away with nothing. However, a more common (but still painful) scenario is that he has to raise new equity at low cost, thereby constantly diluting shareholders. By replacing dilution, however, debt can be a very good tool for companies that need capital to invest in growth at high rates of return. When we think of a business’s use of debt, we first look at cash flow and debt together.

See our latest analysis for ESS

How much debt does SSE have?

The image below, which you can click for more details, shows SSE owed £ 9.21bn in debt at the end of September 2021, down from £ 9.63bn over a year. However, as it has a cash reserve of £ 232.7million, its net debt is less, at around £ 8.97 billion.

LSE: SSE History of debt to equity December 31, 2021

How healthy is the SSE balance sheet?

The latest balance sheet data shows SSE had a liability of £ 5.57 billion maturing within one year, and a liability of £ 10.7 billion maturing after that. In return, he had £ 232.7 million in cash and £ 1.67 billion in receivables due within 12 months. Its liabilities therefore total £ 14.4 billion more than the combination of its cash and short-term receivables.

This shortfall is sizable compared to its very large market capitalization of £ 17.5 billion, so he suggests shareholders keep an eye on SSE’s use of debt. This suggests that shareholders would be greatly diluted if the company needed to consolidate its balance sheet quickly.

We use two main ratios to inform us about the levels of debt compared to earnings. The first is net debt divided by earnings before interest, taxes, depreciation, and amortization (EBITDA), while the second is the number of times its earnings before interest and taxes (EBIT) covers its interest expense (or its coverage of interest, for short). The advantage of this approach is that we take into account both the absolute amount of debt (with net debt versus EBITDA) and the actual interest charges associated with this debt (with its coverage rate). interests).

SSE has a net debt to EBITDA of 2.6, which suggests that it uses good leverage to increase returns. But the high interest coverage of 9.9 suggests that he can easily pay off that debt. Fortunately, SSE is growing its EBIT faster than former Australian Prime Minister Bob Hawke, gaining 151% in the past twelve months. There is no doubt that we learn the most about debt from the balance sheet. But it is future profits, more than anything, that will determine SSE’s ability to maintain a healthy balance sheet in the future. So, if you want to see what the professionals think, you might find this free Analyst Profit Forecast report interesting.

Finally, while the IRS may love accounting profits, lenders only accept hard cash. The logical step is therefore to examine the proportion of this EBIT that corresponds to the actual free cash flow. Over the past three years, SSE has created free cash flow of 17% of its EBIT, a performance without interest. This low level of cash conversion undermines its ability to manage and repay its debts.

Our point of view

Based on our analysis, SSE’s EBIT growth rate should indicate that it will not have too many problems with its debt. But the other factors we noted above weren’t so encouraging. For example, it looks like he has to struggle a bit to convert EBIT to free cash flow. We would also like to note that companies in the electric utility sector like SSE generally use debt with no problem. Looking at all this data, we feel a little cautious about the debt levels of the ESS. While debt has its advantage in potential higher returns, we believe shareholders should definitely consider how leverage levels might make the stock riskier. When analyzing debt levels, the balance sheet is the obvious place to start. But at the end of the day, every business can contain risks that exist off the balance sheet. These risks can be difficult to spot. Every business has them, and we’ve spotted 5 warning signs of SSE (2 of which make us uncomfortable!) to know.

Of course, if you are the type of investor who prefers to buy stocks without going into debt, feel free to check out our exclusive list of cash net growth stocks today.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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We believe ResMed (NYSE: RMD) can manage its debt with ease https://ctxetg.com/we-believe-resmed-nyse-rmd-can-manage-its-debt-with-ease/ Wed, 29 Dec 2021 12:51:20 +0000 https://ctxetg.com/we-believe-resmed-nyse-rmd-can-manage-its-debt-with-ease/ David Iben put it well when he said, “Volatility is not a risk we care about. What matters to us is to avoid the permanent loss of capital. ‘ When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. […]]]>

David Iben put it well when he said, “Volatility is not a risk we care about. What matters to us is to avoid the permanent loss of capital. ‘ When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Like many other companies ResMed Inc. (NYSE: RMD) uses debt. But does this debt worry shareholders?

What risk does debt entail?

Debt helps a business until the business struggles to repay it, either with new capital or with free cash flow. An integral part of capitalism is the process of “creative destruction” where bankrupt companies are ruthlessly liquidated by their bankers. However, a more common (but still costly) event is when a company has to issue stock at bargain prices, constantly diluting shareholders, just to strengthen its balance sheet. By replacing dilution, however, debt can be a very good tool for companies that need capital to invest in growth at high rates of return. When we think of a business’s use of debt, we first look at cash flow and debt together.

See our latest review for ResMed

How much debt does ResMed have?

The image below, which you can click for more details, shows ResMed owed $ 805.7 million in debt at the end of September 2021, a reduction from $ 1.06 billion. over a year. However, he also had $ 309.3 million in cash, so his net debt is $ 496.4 million.

NYSE: RMD History of Debt to Equity December 29, 2021

How strong is ResMed’s balance sheet?

Zooming in on the latest balance sheet data, we can see that ResMed had a liability of US $ 624.2 million due within 12 months and a liability of US $ 1.08 billion beyond. In compensation for these obligations, he had cash of US $ 309.3 million as well as receivables valued at US $ 601.4 million due within 12 months. As a result, its liabilities exceed the sum of its cash and (short-term) receivables by $ 792.5 million.

Of course, ResMed has a titanic market cap of $ 38.1 billion, so those liabilities are likely manageable. Having said that, it is clear that we must continue to monitor his record lest it get worse. But in any case, ResMed has virtually no net debt, so it’s fair to say that it doesn’t have a lot of debt!

We use two main ratios to inform us about the levels of debt compared to earnings. The first is net debt divided by earnings before interest, taxes, depreciation, and amortization (EBITDA), while the second is the number of times its earnings before interest and taxes (EBIT) covers its interest expense (or its coverage of interest, for short). The advantage of this approach is that we take into account both the absolute amount of debt (with net debt compared to EBITDA) and the actual interest charges associated with this debt (with its coverage rate). interests).

ResMed’s net debt is only 0.46 times its EBITDA. And its EBIT easily covers its interest costs, which is 43.2 times the size. So we’re pretty relaxed about its ultra-conservative use of debt. And we also warmly note that ResMed increased its EBIT by 13% last year, which makes its debt more manageable. The balance sheet is clearly the area to focus on when analyzing debt. But it is future profits, more than anything, that will determine ResMed’s ability to maintain a healthy balance sheet in the future. So if you are focused on the future you can check this out free report showing analysts’ earnings forecasts.

Finally, a business needs free cash flow to pay off debts; accounting profits are not enough. It is therefore worth checking to what extent this EBIT is supported by free cash flow. Over the past three years, ResMed has generated strong free cash flow equivalent to 63% of its EBIT, roughly what we expected. This free cash flow puts the business in a good position to repay debt, if any.

Our point of view

ResMed’s interest coverage suggests he can manage his debt as easily as Cristiano Ronaldo could score a goal against an Under-14 keeper. And the good news does not end there, since its net debt to EBITDA also supports this impression! We would also like to note that companies in the medical device industry like ResMed generally use debt with no problem. Looking at the big picture, we think ResMed’s use of debt looks very reasonable and we don’t care. After all, reasonable leverage can increase returns on equity. There is no doubt that we learn the most about debt from the balance sheet. However, not all investment risks lie on the balance sheet – far from it. These risks can be difficult to spot. Every business has them, and we’ve spotted 2 warning signs for ResMed you should know.

If you want to invest in companies that can generate profits without the burden of debt, check out this free list of growing companies that have net cash on the balance sheet.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.


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“The company’s debt situation has stabilized” https://ctxetg.com/the-companys-debt-situation-has-stabilized/ Mon, 27 Dec 2021 17:32:46 +0000 https://ctxetg.com/the-companys-debt-situation-has-stabilized/ Zhang Jindong, owner of the Holdings group for the owners of Inter Suning, confirmed that the Chinese company’s debt situation is stabilizing. Writing in his annual letter to the company’s investors, the founder of Suning explained that the company has struggled with the debt and liquidity issues it has been facing, especially since the start […]]]>

Zhang Jindong, owner of the Holdings group for the owners of Inter Suning, confirmed that the Chinese company’s debt situation is stabilizing.

Writing in his annual letter to the company’s investors, the founder of Suning explained that the company has struggled with the debt and liquidity issues it has been facing, especially since the start of the pandemic.

Suning has been struggling with debt problems for some time, which is part of the reason the company has not been able to invest in the Nerazzurri who have faced their own financial problems.

Debt and cash flow issues at both Inter and Suning only intensified during the pandemic, forcing the Nerazzurri to make significant player sales over the summer in order to maintain security. financial.

The continued viability of Suning’s Nerazzurri ownership has been called into question due to the company’s financial problems, as well as Chinese government regulations against investment in the sport.

It remains to be seen what the effects of this resumption of Chinese company fortunes will be for Inter, but for now at least, there could be one less factor that would constrain the club financially as the situation of the Suning’s debt is stabilizing.

Zhang writes, “With the support of the Chinese government and through our continued efforts, our group’s debt problem has gradually stabilized and Tesco’s operations are also recovering in an orderly fashion. “



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Here’s why the Shanghai Fudan Microelectronics Group (HKG: 1385) can responsibly manage its debt https://ctxetg.com/heres-why-the-shanghai-fudan-microelectronics-group-hkg-1385-can-responsibly-manage-its-debt/ Sun, 26 Dec 2021 00:14:03 +0000 https://ctxetg.com/heres-why-the-shanghai-fudan-microelectronics-group-hkg-1385-can-responsibly-manage-its-debt/ Howard Marks put it well when he said that, rather than worrying about stock price volatility, “the possibility of permanent loss is the risk I worry about … and every investor practice that I know is worried. So it seems like smart money knows that debt – which is usually involved in bankruptcies – is […]]]>

Howard Marks put it well when he said that, rather than worrying about stock price volatility, “the possibility of permanent loss is the risk I worry about … and every investor practice that I know is worried. So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess the level of risk of a business. Above all, Shanghai Fudan Microelectronics Group Company Limited (HKG: 1385) carries a debt. But should shareholders be concerned about its use of debt?

When is debt dangerous?

Debts and other liabilities become risky for a business when it cannot easily meet these obligations, either with free cash flow or by raising capital at an attractive price. An integral part of capitalism is the process of “creative destruction” where bankrupt companies are ruthlessly liquidated by their bankers. However, a more common (but still costly) situation is where a company has to dilute its shareholders at a cheap share price just to get its debt under control. Of course, the advantage of debt is that it often represents cheap capital, especially when it replaces dilution in a business with the ability to reinvest at high rates of return. When we think of a business’s use of debt, we first look at cash flow and debt together.

Check out our latest review for Shanghai Fudan Microelectronics Group

What is the net debt of the Shanghai Fudan Microelectronics group?

The image below, which you can click for more details, shows that in September 2021, the Shanghai Fudan Microelectronics Group had CN 63.3 million in debt, down from zero in a year. But it also has CN 1.14 billion in cash to make up for that, which means it has a net cash position of CN 1.07 billion.

SEHK: 1385 Debt to equity history December 26, 2021

How healthy is the Shanghai Fudan Microelectronics Group balance sheet?

We can see from the most recent balance sheet that the Shanghai Fudan Microelectronics Group had CN 676.3 million liabilities due within one year, and CN 137.3 million liabilities due beyond. . On the other hand, he had CN 1.14 billion in cash and CN 864.6 million in receivables due within one year. So he actually CN ¥ 1.19b Following liquid assets as total liabilities.

This short-term liquidity is a sign that Shanghai Fudan Microelectronics Group could likely repay its debt with ease, as its balance sheet is far from tight. Put simply, the fact that the Shanghai Fudan Microelectronics Group has more cash than debt is probably a good indication that it can manage its debt safely.

Better yet, Shanghai Fudan Microelectronics Group increased its EBIT by 631% last year, which is an impressive improvement. If sustained, this growth will make debt even more manageable in the years to come. When analyzing debt levels, the balance sheet is the obvious place to start. But ultimately, the company’s future profitability will decide whether Shanghai Fudan Microelectronics Group can strengthen its balance sheet over time. So, if you want to see what the professionals think, you might find this free Analyst Profit Forecast report interesting.

Finally, a business can only pay off its debts with hard cash, not with book profits. The Shanghai Fudan Microelectronics Group may have net cash on the balance sheet, but it is always interesting to examine the extent to which the company converts its earnings before interest and taxes (EBIT) into free cash flow, as this will influence both its needs in its ability to manage debt. Over the past two years, Shanghai Fudan Microelectronics Group has generated free cash flow of 17% of its EBIT, a performance of no interest. For us, the conversion to cash that elicits a bit of paranoia is the ability to extinguish debt.

In summary

While it is always a good idea to investigate a company’s debt, in this case the Shanghai Fudan Microelectronics Group has a net cash position of 1.07 billion yuan and a seemingly decent balance sheet. And it impressed us with its EBIT growth of 631% over last year. We therefore do not believe that the use of debt by the Shanghai Fudan Microelectronics Group is risky. There is no doubt that we learn the most about debt from the balance sheet. However, not all investment risks lie on the balance sheet – far from it. Concrete example: we have spotted 2 warning signs for Shanghai Fudan Microelectronics Group you must be aware.

Of course, if you are the type of investor who prefers to buy stocks without going into debt, feel free to check out our exclusive list of cash net growth stocks today.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in any of the stocks mentioned.


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