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Old Today, 02:50 PM   #1221
fretburner
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Quote:
Originally Posted by jedmosley View Post
Did not say you did not know what cash flow is.



If you're using cash flow to check a company's financial health, i have no problem with that.



But my question really was about financial leverage.



Also, was pointing out that cash flow is just a number, and how that cash has actually been generated is what's more important.



To answer your question, if a larger portion of the cash flow was generated from financing activities than, say, actual operations, then of course yes it's bad, imo. That's like padding your wallet with cash when in fact all that money was from the bank and only a small portion of it was from actual profit.



If the NMIA investment turns out to be good for SMC, which it well may, then it's a good use of their financial leverage
So debt is bad and cash from financing activities is bad.

What should then be the level of debt for SMC for you to be confident that in can do NMIA?

Conversely, what should be the ideal ratio of cash from operating activities vs financing activities for a company like SMC?
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Old Today, 03:05 PM   #1222
fretburner
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Quote:
Originally Posted by clarkent586 View Post
Duh, you don't know how to read my other posts?

Sige, since tamad ka, uulitin ko.



The airport up north through it's army of propagandists wants to position that northern airport as the gateway to the country. In other words, they want that airport, which is at the mercy of Mt. Pinatubo , to be the leading point of entry to the country since NAIA is creaking at the seams already. Now that NMIA is going to be built, that agenda of theirs is ENDANGERED.



Gets?
Despite your apparent pretensions, your arguments are not so bright...

1st - NAIA and NMIA are threatened as much by earthquakes and rising sea levels as CIA is threatened by Pinatubo.

2nd - Endangered means there's a threat of CIA going extinct. Nothing can be farther from the truth. As many have pointed out already, Clark is a catch basin for everyone north of Bulacan. And with the developments in Clark, it's usage is still on the upward trajectory. If anything, its NAIA which is endangered. And frankly, I hope NAIA dies after NMIA is built.

Try to make better arguments and stop with catch phrases, fancy words and motherhood statements.

Those things don't fly here.
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Old Today, 03:56 PM   #1223
chowpau
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Quote:
Originally Posted by fretburner View Post
Despite your apparent pretensions, your arguments are not so bright...

1st - NAIA and NMIA are threatened as much by earthquakes and rising sea levels as CIA is threatened by Pinatubo.

2nd - Endangered means there's a threat of CIA going extinct. Nothing can be farther from the truth. As many have pointed out already, Clark is a catch basin for everyone north of Bulacan. And with the developments in Clark, it's usage is still on the upward trajectory. If anything, its NAIA which is endangered. And frankly, I hope NAIA dies after NMIA is built.

Try to make better arguments and stop with catch phrases, fancy words and motherhood statements.

Those things don't fly here.
but it is not. NAIA will still be there once NMIA is built and is in operational
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Old Today, 04:17 PM   #1224
jedmosley
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Quote:
Originally Posted by fretburner View Post
So debt is bad and cash from financing activities is bad.

What should then be the level of debt for SMC for you to be confident that in can do NMIA?

Conversely, what should be the ideal ratio of cash from operating activities vs financing activities for a company like SMC?
Debt is not bad per se, but too much debt is.

There is no ideal ratio since the answer will really depend on who you ask, but imo the bigger the percentage of cash coming from operating activities relative to financing, the better.
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Old Today, 04:26 PM   #1225
sean911
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I think everyone is way ahead of themselves here. Everyone should just chill. No point in arguing which airport is the “best.” We need ALL the airports we can get as nothing is even ready yet.

1. NAIA is bursting but definitely won’t be closed in the next 10 years. Rehabilitation is still up in the air.

2. Clark airport has a new terminal but that’s only for 8M at the moment. That won’t have much of an impact until concrete plans are made for further expansion.

3. NMIA is still dirt on the ground. Who knows how long that’ll take.

4. Sangley won’t be serving commercial traffic anytime soon.

Basically, we just need to get all these airports going NOW. These projects are meant to complement, supplement, each other. No sense in talking about which one should close, which one is better, which one should be prioritized. All this nonsense.

I’m just happy we even have options now.
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Old Today, 04:28 PM   #1226
romyman
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Quote:
Originally Posted by clarkent586 View Post
While someone has a NMIA DERANGEMENT SYNDROME who's so obsessed with finding faults and throws unreasonable criticism at NMIA/SMC.

That's what you call pitiful and downright funny.
There is also another disease which is afflicting the naysayers it is 'NO TO NMIA' Psychotic Episodes. Those afflicted have lost their touch with reality to the point of inventing the NMIA Derangement Syndrome. It is characterized by throwing ridiculous statement like the Sierra Madre Mountain Range Protects Clark Airport.
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Old Today, 04:35 PM   #1227
chowpau
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Quote:
Originally Posted by jedmosley View Post
Debt is not bad per se, but too much debt is.

There is no ideal ratio since the answer will really depend on who you ask, but imo the bigger the percentage of cash coming from operating activities relative to financing, the better.
don't just look at the cash flow. Look also at their balance sheet. Their current assets must be higher with their current liabilities. Liquidity ratio should be at least 1 up to 3 the most per year.
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