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Started By
Message
re: Delta suspends dividend, borrows 2.6 billion dollars
Posted on 3/20/20 at 5:01 pm to LSUTigers00884
Posted on 3/20/20 at 5:01 pm to LSUTigers00884
quote:
Tbh, I don’t feel bad for any of you who have this stock. Their balance sheet is ATROCIOUS.
What was wrong with their balance sheet before this? I thought it was pretty good for an airline in December 2019.
1
Posted on 3/20/20 at 5:47 pm to go ta hell ole miss
Yes I agree that either Buffett or Government will bail them out.
Delta:
Liabilities to Assets: 79%
Current Assets to Current Liabilities: 33.7%
Cash to Current Liabilities: 8.95%
They have NO CASH or current assets.
So here’s a company that will have to count on productivity to continue. And when productivity discontinues (ie corona virus), they will have to borrow money to survive which increases their debt load?
No thanks. Saw that and knew they’d have to discontinue dividends, exec salaries, and borrow money.
Guess what happened? All three of those.
Delta:
Liabilities to Assets: 79%
Current Assets to Current Liabilities: 33.7%
Cash to Current Liabilities: 8.95%
They have NO CASH or current assets.
So here’s a company that will have to count on productivity to continue. And when productivity discontinues (ie corona virus), they will have to borrow money to survive which increases their debt load?
No thanks. Saw that and knew they’d have to discontinue dividends, exec salaries, and borrow money.
Guess what happened? All three of those.
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