High LeverageA debt-to-equity ratio above 1 signals elevated leverage that raises interest and refinancing risk, limiting strategic flexibility. Over 2-6 months this can constrain investment choices, increase vulnerability to rate rises, and amplify downside if operating cash generation weakens or project timings slip.
Weak Operating Cash GenerationInsufficient operating and free cash flow undermines the company's capacity to service debt, fund capex, or support expansion without external financing. Reliance on accrual profits rather than cash increases refinancing dependency and raises execution risk on multi‑year agricultural and real estate projects.
Margin Sustainability ConcernsA large gap between EBIT (19.7%) and EBITDA (10.4%) implies significant non-operational charges, depreciation or one-off items that erode cash earnings. For capital‑intensive real estate and agri investments this can persistently depress cash returns and free cash flow, pressuring long-term ROI.