Conservative Leverage / Balance SheetLow leverage provides lasting financial flexibility: it reduces solvency risk, preserves capacity to win and fund large construction contracts, and supports survival through project timing mismatches. Over a 2–6 month horizon, conservative debt lowers refinancing and covenant stress risk.
Improving Free Cash Flow MetricsA positive FCF-to-net-income ratio and rising FCF growth indicate improving cash conversion despite reported operating pressures. Structurally, growing free cash flow can fund working capital, equipment rental fleet, and selective capex without recurring external financing over the medium term.
Diversified Revenue Model And Stable Contract SourcesMultiple revenue streams—product sales, equipment rental, long-term contracts and government projects—create durable demand and recurring income. This mix reduces single-project exposure, supports steadier utilization of assets, and helps preserve order visibility across a construction cycle.