These 4 Measures Indicate That CMK (TSE:6958) Is Using Debt Extensively

CMK Corporation (TSE:6958) has increased its debt to JP¥45.1 billion, with a net debt of JP¥22.7 billion after accounting for cash reserves. The company's liabilities exceed its cash and receivables by JP¥24.1 billion, raising concerns for shareholders. Despite a moderate net debt to EBITDA ratio of 2.3 and strong EBIT growth of 63%, CMK's negative free cash flow over the past three years indicates potential risks associated with its debt levels. Overall, while the company shows some positive signs, its current debt usage may pose risks to shareholders.