High LeverageA debt‑to‑equity ratio of 2.46 denotes significant leverage, creating persistent solvency and interest‑rate risk. This structural financing profile restricts strategic flexibility, increases refinancing and covenant risk, and magnifies the impact of any cash‑flow shortfalls.
Negative Net ProfitabilityA negative net margin indicates the company is loss‑making at the bottom line, eroding retained earnings over time. Persistent losses, especially when combined with high leverage, weaken the balance sheet and limit the ability to fund growth or absorb enrolment or pricing shocks.
Weak Operational ReturnsLow EBITDA/EBIT margins and negative ROE point to structural inefficiencies in converting revenue into operating profit and shareholder returns. These operational weaknesses reduce capacity to self‑fund improvement and challenge the sustainability of long‑term value creation.