Far East Annual Declared Dividends Is the 6 cents dividend sustainable?
This is the first question I had in mind. While delving into Far East's cash flow, I did not use the reported figure under " net cash from operating activities" but instead "Cash before working capital changes"; this eliminates the chance of companies using trade receivables or trade payables to juice up their operating cashflow. Below is what I found for Far East Orchard:
FY14: $50.9 Million
FY15: $36.2 Million
FY16: $24.7 Million
FY17: $27.2 Million
FY18: $28.9 Million
Far East Orchard has a constant interest expense of $5.5-6.0 Million. So netting it off, it leaves about $22 Million. To sustain Far East's Dividends,
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