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Channel Nine balance sheet is weak and might have solvency issues
The debt of Channel Nine is decreasing.
Latest debt of Channel Nine is -₹0.53 Crs as of Mar-23.
This is less than Mar-21 when it was -₹0.08 Crs.
The profit is oscillating.
The profit of Channel Nine is -₹0.03 Crs for Mar 2021, ₹0.12 Crs for Mar 2020 and -₹0.11 Crs for Mar 2019
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Channel Nine latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets