Negative Shareholders' EquityNegative equity signals insolvency risk and materially weakens financial flexibility. It limits borrowing capacity, increases refinancing and covenant pressure, and raises the probability of restructuring or asset disposals unless capital or sustained profit restoration occurs.
Zero Recent Operating And Free Cash FlowA complete lack of operating and free cash flow in the latest year creates acute liquidity strain for funding construction, servicing debt and meeting obligations. Even with prior positive years, current zero cash generation is a structural constraint until operations or financing improve.
Negative Gross And EBITDA MarginsSelling below cost and persistent negative operating margins undermine capital resilience and signal deep operational dysfunction. Without material cost reduction, price recovery, or asset sales, continued margin deficits will erode equity and threaten long-term viability.