Reading annual report of #Wirecard ...let’s see what is says🤔
#Wirecard annual report pointers:
1
It had €3.3 bn cash and bank balance as at 9MF19... average yield on cash and bank balance is 0.3% since F10. 2. Alongwith increase in cash and bank balance over the years, company debt levels have also increased to €1.85 bn.
3. Cash and bank balance has grown at the rate of 37.6% CAGR, while debt has grown by over 60% CAGR since F10. 4. Asset turnover ratio has remained flat over last 10 years, indicates fictitious assets in the balance sheet. 5. Effective rate of depreciation has kept on increasing