Analysis: CMA CGM’s tightening liquidity signals rising default risk

September 11, 2019 Alessandro Pasetti

Something doesn’t look right in CMA CGM’s short-term liquidity profile, given the massive widening in negative working capital since the latest IFRS accounting changes were implemented. That was my key takeaway on Friday when the French carrier reported mixed interim results for the first half (H1) of the year.
Some seasonal factors could have come into play yet, as I first argued on Monday, one scary number stands out in its ...

The post Analysis: CMA CGM’s tightening liquidity signals rising default risk appeared first on The Loadstar.

Previous Article
US retailers continue to scramble to bring goods in to beat new tariffs
US retailers continue to scramble to bring goods in to beat new tariffs

US container import volumes continued to surge over the summer, ahead of more tariff hikes on consumer good...

Next Article
FT: Hong Kong exchange proposes to buy LSE for £32bn
FT: Hong Kong exchange proposes to buy LSE for £32bn

The Financial Times writes: “Hong Kong Exchanges and Clearing has made a £32bn bid to buy the London Stock ...