Papyrus Australia Ltd (ASX:PPY) Reports November Cash Flow
Consolidated cash flow data for Papyrus Australia Ltd (ASX:PPY) shows a total operating cash outflow of $455,000 for November 2024. Year-to-date, the company has recorded an operating cash flow deficit of $394,000.
Investment and Financing Activity
Cash inflows from investing activities totalled $345,000 in the current month, leading to a net positive cash flow from investing of $335,000 for the year to date. Financing activities reflected a net cash outflow of $131,000 for November, with total borrowings recorded at $131,000 so far this year.
Future Financial Outlook
At the end of November, Papyrus Australia had cash and cash equivalents of $332,000. With unused financing facilities of $250,000 on hand, the total available funding rises to $582,000. The estimated funding available for the next ten months is primarily supported by current cash holdings.
Executive Overview
The company’s finance and operations team continues to leverage government grants of $332,000 to enhance cash reserves. Nonetheless, notable expenditures include $396,000 related to research and development services, which were offset against intercompany loans.
Papyrus Australia remains focused on sustaining its operations and meeting business objectives despite the current cash flow challenges.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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