Negative Cash FlowNegative operating and free cash flow signals material liquidity pressure. Persistent cash burn forces reliance on external financing or asset sales, increasing vulnerability to project delays and reducing ability to self-fund maintenance, capex, or strategic investments.
Rising LeverageDebt-to-equity at 1.09 and an upward trend reduce financial flexibility and raise refinancing risk. Higher leverage raises interest burden, constrains capital allocation to growth projects, and amplifies downside in downturns, limiting strategic optionality over months ahead.
Margin Compression And Lower ROEDeclining margins and falling ROE indicate operational and cost pressures that erode the conversion of revenue into shareholder returns. If margins remain compressed, revenue growth will not translate into sustainable profit or reinvestment capacity, harming long-term returns.