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Posted On: 05/13/2020 12:19:11 AM
Post# of 1020
impressive current ratio(CR) ratio of current assets(CA) to current liabilities(CL)
in school we were taught its best to have a CR of at least 2:1- but nowadays even big co's like walmart often have CL exceeding CA
ZN had as of Mar 31, 9.469M CA against only 1.817M CL- A CR of 5.21-very impressive-best i remember ever seeing for ZN
and thats because of ZN's impressive fundraising
from p.17 10Q
"For the three months ended March 31, 2020, and 2019, approximately $9,109,000, and $2,528,000 was raised under the DSPP program, respectively.
The company raised approximately $1,404,000 from the period April 1, 2020 through May 6, 2020, under the DSPP program."
so ZN has raised over 10.5M already this year as of May 6-which if this rate continued would be ca 30M for the year!!!!
in school we were taught its best to have a CR of at least 2:1- but nowadays even big co's like walmart often have CL exceeding CA
ZN had as of Mar 31, 9.469M CA against only 1.817M CL- A CR of 5.21-very impressive-best i remember ever seeing for ZN
and thats because of ZN's impressive fundraising
from p.17 10Q
"For the three months ended March 31, 2020, and 2019, approximately $9,109,000, and $2,528,000 was raised under the DSPP program, respectively.
The company raised approximately $1,404,000 from the period April 1, 2020 through May 6, 2020, under the DSPP program."
so ZN has raised over 10.5M already this year as of May 6-which if this rate continued would be ca 30M for the year!!!!
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