Weak ProfitabilityPersistent negative operating and net margins signal structural cost or pricing issues. Continued loss-making reduces retained earnings, limits capacity to self-fund projects, and increases dependence on external capital, hampering long-term investment and shareholder returns.
High LeverageA debt-to-equity ratio of 1.32 raises refinancing and interest-service risk. Elevated leverage constrains strategic flexibility, increases vulnerability to rate moves or slower sales, and can limit the company's ability to pursue new developments without diluting equity or taking on costly debt.
Negative Operating Cash FlowNegative operating and free cash flows indicate the business is burning cash from core activities. Over months this pressures liquidity, forces reliance on external financing, may delay projects or maintenance, and increases counterparty and execution risk for ongoing developments.