Sharp Revenue DeclineA 31.43% revenue decline is a material structural headwind: lower scale weakens bargaining power with retailers, reduces fixed-cost absorption, and pressures long-term growth prospects unless new channels or products restore demand.
Very High LeverageA debt-to-equity ratio near 13x denotes very high leverage, increasing interest and refinancing risk. Over the medium term this constrains strategic flexibility, forces tighter cash allocation to servicing debt, and raises vulnerability to cyclical downturns or margin compression.
Material Free Cash Flow DeteriorationA 41.17% drop in free cash flow signals weakening liquidity and less internal funding for growth or debt reduction. Persistently lower free cash flow can force asset sales, external financing at higher cost, or cuts to investment, impairing long-term competitiveness.