Cell C’s current liabilities far exceed its current assets

[mylesillidge]

Cell C has negative working capital

Cell C’s current liabilities far exceed its current assets, suggesting the company remains in some financial distress and has negative working capital.

The mobile network operator published its unaudited half-year financial results on Friday, with Cell C CEO Jorge Mendes saying the company had reached a turning point.

 

[Quicks]

They should have closed shop many years ago.

 

[xcaliber]

Surprised by how they are now profitable. All we need now is a new CEO that wants to increase share holder value and start a Cell C meme coin

 

[hj007]

negative working capital is not a bad thing at all.