Improved LeverageA debt-to-equity ratio of 0.35, noted as improved versus prior years, indicates lower leverage and greater financial flexibility. Over the next 2-6 months this reduces refinancing risk, limits interest burden, and gives management room to fund operations or pursue contracts while losses persist.
Reasonable Equity BufferAn equity ratio around 49% provides a meaningful capital cushion on the balance sheet. This structural mix limits solvency risk, supports contract bidding and supplier credit, and helps absorb operating volatility while the company works to return to consistent profitability.
Improving FCF Growth RateA reported 166% free cash flow growth rate signals a material improvement in cash dynamics relative to the prior period. Even if from a small negative base, sustained FCF improvement would reduce external funding needs and support operational stability over a multi-month horizon.