ASPIRITY HOLDINGS (ASH) saw its loss widen to $2.60 million in the quarter ended compared with $0.82 million a year ago. Revenue during the quarter plunged 83.88 percent to $1.64 million from $10.17 million in the previous year period. Operating margin for the quarter stood at negative 93.05 percent as compared to a negative 3.40 percent for the previous year period.
Operating loss for the quarter was $1.53 million, compared with an operating loss of $0.35 million in the previous year period.
Working capital remains negativeWorking capital of ASPIRITY HOLDINGS was negative $6.66 million on Sep. 30, 2016 compared with negative $3.37 million on Sep. 30, 2015. Current ratio was at 0.57 as on Sep. 30, 2016, down from 0.85 on Sep. 30, 2015. Days sales outstanding went up to 572 days for the quarter compared with 87 days for the same period last year.
Debt remains almost stable
Total debt of ASPIRITY HOLDINGS remained almost stable for the quarter at $27.25 million, when compared with the last year period. Total debt was 141.26 percent of total assets as on Sep. 30, 2016, compared with 88.93 percent on Sep. 30, 2015. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
