LubberJML
Oct 15, 5:59 PM
$WRD how WeRide narrows net loss. I just spent an hour pulling up the content for this post. Numbers are +/- and estimated but close. I never considered this before now.
$90MM total debt
$76.7MM short term debt financed at 2.11% to 2.30% per annum
Anyone borrowing today will pay much higher rates
$14.1MM long term debt at 2.9% per annum
Debt to Equity Ratio below .10 (likely higher as this is on Q2 number sbut share price collapsed since. this rtio is very low)
WeRide earned
$14.5MM YTD in interest income on its cash deposits
Total financing cost YTD was
$750K
Interest Income will be higher in Q3 and Q4 on higher int rates if the same cash level is depolyed
That ratio is 20:1
Interest income lowered WeRide net loss by about 11% YTD (est).
I hope WeRide keeps the cash pile working and holds low debt level
Tony said profitable in 10 qtr. They won't do that w/o the help of int income IMO so I suspect the pile will keep working. A lot more rev at the GM they have will help net loss as well.
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