The ghost train
THE FINANCE GHOST: Granola for the banks
It sounds like something Kellogg’s makes, but Working Capital Crunch is hard for some businesses to digest
07 April 2022 - 05:00
If you could choose a cereal for the CEOs and CFOs of your portfolio companies to be eating every morning, it would be the Working Capital Crunch. It won’t taste great (working capital pressures never do), but hopefully it reminds them every day to focus on the cash.
There’s a crunch under way that has nothing to do with the cereal. In company announcements locally and abroad, I’m seeing increasing signs of lengthening working capital cycles...
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