PPRuNe Forums - View Single Post - VA pilots worried about employment 2021
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Old 7th Feb 2020, 01:45
  #32 (permalink)  
B772
 
Join Date: Aug 2000
Location: International
Age: 76
Posts: 1,394
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Looking at the VA Balance Sheet total current liabilities are about 50% greater than the total current assets. With net gearing in excess of 200% and zero % return on capital VA are well behind QF who enjoy net gearing of 87% and 13% return on capital. Net tangible asset backing per share for VA is nil. A black swan event could make VA vulnerable to collapse or take over by SQ.
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