Sharp Revenue Decline And Negative ProfitabilitySustained revenue contraction coupled with negative EBIT and net income undermines the company's ability to invest, defend market share, and sustain operations without external support. Continued losses erode competitive capacity and limit reinvestment into efficiency or capacity upgrades over the medium term.
Very Weak Operating Cash GenerationNear-zero operating cash flow and sharply falling free cash flow indicate the business struggles to convert earnings into cash. This impairs the firm’s ability to fund capex, service debt, or pursue growth without refinancing, raising structural liquidity and solvency risks over the coming months.
High Leverage And Shrinking EquityElevated leverage and declining equity reduce financial flexibility and increase interest and covenant pressure. In a cyclical, capital-intensive industry this heightens refinancing and dilution risk, constraining strategic choices and potentially forcing asset sales or costly capital raises in the medium term.