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Corinthian Colleges Inc Message Board

  • balldogpizza balldogpizza Feb 6, 2014 7:34 PM Flag

    COCO debt went down considerably ! That sounds like a healthy co. to me, not to mention they made a profit ....

    The company's cash and cash equivalents were at $32.82 million as at Dec. 31, 2013, down 29.56 percent from $46.60 million at Jun. 30, 2013.

    The company's total debt went down 44.94 percent to $76.57 million as at Dec. 31, 2013 from $139.10 million on Jun. 30, 2013.

    The company witnessed a decrease in debt to equity ratio to 0.14 for the quarter ended Dec. 31, 2013 when compared with 0.24 in Jun. 30, 2013.

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    • Good point! In this trying times, COCO managed to allocate $ to pay off almost 45% of its debt in 6 months. This is not a mark of a company failing. Yes, it has its regulatory issues, but that will be judged on an umbrella basis to where all named FPE colleges will admit or be found at fault and penalized. At this price, I am sure a buyout is possible, but the legal issues has to be resolved first.

    • True but current liabilities jumped almost $50 mill and current assets dropped significantly so would you owe more near term and less long term or owe more long term and less near term? Given this company's spot right now IMO obviously a better current ratio would be nice to see. It is under 1 now I believe.

      Things bounce around quite a bit from Q to Q with the line items and I didn't see any big bright spot and a bit of negative on seeing the current liabilities grow larger than the dureent assets all IMO.

      I do own a small position but haven't bought more after looking at it a little bit closer. I'll probably just watch with all the litigious stuff. Hopefully we get a dead cat bounce.

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