Negative Free Cash Flow In Recent YearsPersistent negative free cash flow means capital expenditures or working capital needs exceed operating cash generation, constraining internal funding for expansion, deleveraging, or dividends. If unchecked, this structural cash gap forces reliance on external financing and raises liquidity risk.
Increasing Total Liabilities Over YearsRising liabilities can elevate refinancing and interest-rate exposure and reduce balance-sheet flexibility. Over time higher leverage or current liabilities pressure margins and restrict strategic options, making proactive liability management critical to maintain financial durability.
Relatively Low Net Profit MarginDespite top-line gains, a low net margin signals leakage between gross profit and bottom line from SG&A, finance costs, or inefficiencies. Sustained low conversion of revenue into earnings limits retained capital for reinvestment and reduces long-term shareholder value if not improved.