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BLUE WATER % REV. PRIME FISH % REV.
NET REVENUE 447,000.00 100.00% 802,000.00 100.00%
COGS 241,000.00 53.91% 400,000.00 49.88%
GROSS PROFIT 206,000.00 46.09% 402,000.00 50.12%
OPEX 161,000.00 36.02% 311,000.00 38.78%
NET INCOME 45,000.00 10.07% 91,000.00 11.35%
LIQUIDITY RATIOS
CURRENT RATIO 1.80 1.88
QUICK RATIO 0.80 1.06
CASH RATIO 0.41 0.43
OPEX COVERAGE 92.95 24.65
WC 79,000.00 43,000.00
SOLVENCY RATIO
DtE 0.69 0.16
TOTAL ASSETS to EQUITY 1.69 1.16
ST DEBT TO EQUITY 0.42 0.07
DEPT TO CAPITAL 0.41 0.14
DEBT TO ASSET 0.41 0.14
INTEREST COVERAGE 6.92 15.17
CASH COVERAGE
AVERAGE COST OF DEBT
-113.44
-16.92
0.21%
-9.45%
4.04%
2.76%
1.28%
-5.70%
-0.35%
-0.43
0.08
0.26
0.01
-68.30
-36000.00
12.99
-0.14
-0.53
-0.53
-0.34
-0.27
-0.27
8.24
1.20
-0.25
0.09
Better Inventory Management by PF
Good for both. But the ratio of BW shows us that they are carrying too much inventories, allowing Receivables to bal
better by PF as they have a better Inventory Management
Since BW has more cash than PF, they get to the same point
Of course BW has a better OPEX Coverage. They can cover their Opex expenses with 68 days more than PF with their
PF is utilizing its working capital much better than BW for supporting a given level of sales. Management is
being very efficient in using a companys short-term assets and liabilities for supporting sales. In contrast, the
lower ratio shows BW is investing in too many accounts receivable (AR) and inventory assets for supporting its
sales. This may lead to an excessive amount of bad debts and obsolete inventory.
BW has been more aggressive in financing its growth with debt than PF. BW has a higher Credit Risk default than PF
Assets are more funded on debt by Bw than by PF.
default than PF
ms to be overevalued