Weak Free Cash Flow GrowthDeclining free cash flow growth signals potential pressure on the company's ability to expand investment or pay down debt over time. If FCF contraction persists, it could constrain strategic spending, slow R&D or capex, and limit the pace of deleveraging despite current positive levels.
Remaining Substantial Debt RiskAlthough leverage has improved, material outstanding debt still exposes Rinko to interest-rate and refinancing risk. In a stressed environment or if cash generation weakens, debt service could pressure liquidity, forcing cost-cutting or asset sales that impair long-term growth prospects.
Modest Profitability And Slow Top-line GrowthDespite recovery, net margins and ROE remain modest, while revenue growth is low-single-digits. This suggests limited pricing power or end-market growth, constraining the company's ability to generate high returns and slowing the scaling of Rinko's improved cost structure into meaningful earnings expansion.