Bankroll – Cucumber Chef Thu, 30 Sep 2021 18:15:15 +0000 en-US hourly 1 Bankroll – Cucumber Chef 32 32 Here’s why Art’s-Way Manufacturing (NASDAQ: ARTW) can afford to go into debt Thu, 08 Apr 2021 02:38:20 +0000

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital”. It’s only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved when a business collapses. We note that Art’s-Way Manufacturing Co., Inc. (NASDAQ: ARTW) has debt on its balance sheet. But the real question is whether this debt makes the business risky.

When is debt a problem?

Debt helps a business until the business struggles to repay it, either with new capital or with free cash flow. If things really go wrong, lenders can take over the business. However, a more common (but still painful) scenario is that he has to raise new equity at low cost, thereby constantly diluting shareholders. Of course, debt can be an important tool in businesses, especially capital intensive businesses. When we look at debt levels, we first consider both liquidity and debt levels.

What is Art’s-Way Manufacturing debt?

As you can see below, Art’s-Way Manufacturing owed US $ 5.17 million in debt, as of November 2020, which is roughly the same as the year before. You can click on the graph for more details. Net debt is about the same because it doesn’t have a lot of cash.

NasdaqCM: ARTW History of debt to equity April 7, 2021

How strong is Art’s-Way Manufacturing’s balance sheet?

The latest balance sheet data shows that Art’s-Way Manufacturing had $ 6.16 million in debt due within one year, and $ 2.73 million in debt due thereafter. On the other hand, he had $ 2.7,000 in cash and $ 2.47 million in receivables within one year. It therefore has a liability totaling US $ 6.42 million more than its cash and short-term receivables combined.

While that might sound like a lot, it’s not that bad since Art’s-Way Manufacturing has a market cap of $ 14.6 million, and could therefore likely strengthen its balance sheet by raising capital if needed. But we absolutely want to keep our eyes open for indications that its debt is too risky. When analyzing debt levels, the balance sheet is the obvious starting point. But it is the profits of Art’s-Way Manufacturing that will influence the balance sheet in the future. So if you want to know more about his earnings, it might be worth checking out this graph of his long-term profit trend.

Over the past year, Art’s-Way Manufacturing recorded a loss before interest and taxes and in fact reduced its revenue by 2.1%, to $ 22 million. We would much prefer to see the growth.

Emptor Warning

Importantly, Art’s-Way Manufacturing recorded a loss of earnings before interest and taxes (EBIT) over the past year. Its EBIT loss was US $ 3.9 million. When we look at this and recall the liabilities on its balance sheet, versus the cash flow, it seems unwise to us that the company has debt. We therefore believe that its record is a bit strained, but not irreparable. Another reason to be cautious is that it has lost $ 1.5 million in negative free cash flow over the past twelve months. Suffice it to say, then, that we consider the stock to be very risky. The balance sheet is clearly the area you need to focus on when analyzing debt. But at the end of the day, every business can contain risks that exist off the balance sheet. For example, Art’s-Way Manufacturing has 5 warning signs (and 2 that cannot be ignored) we think you should know.

If you are interested in investing in companies that can generate profits without the burden of debt, check out this page. free list of growing companies that have net cash on the balance sheet.

This Simply Wall St article is general in nature. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Light on the horizon: A plan of action for Vermont dental offices until more patients receive COVID-19 vaccine Thu, 08 Apr 2021 02:38:10 +0000

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by Dan Croft, Healthcare Solutions Group Leader, TD Bank
Phil Daniels, Market President, Vermont, TD Bank
Andrew Ramsdell, Healthcare Specialist, Business Development Officer, TD Bank

Over the past year, dental offices have been forced to close due to pandemic restrictions and then slowly reopened based on local and state government guidelines. Now, however, there is light on the horizon with the acceleration of the distribution of the COVID-19 vaccination. Indeed, according to the Vermont Department of Health36.9% of the state’s population has received at least one dose of the vaccine, and more than 116,000 people are fully immunized. Additionally, the Biden administration has announced that every adult in the United States will be eligible for a vaccination no later than May 1, which should help improve that progress.

With this in mind, it appears that in the coming months, dental offices will be able to fully resume their normal activities. Indeed, according to Delta Dental March Survey, 93% of Americans plan to see the dentist in 2021. This is expected to result in an influx of funds for those who are struggling with cash flow due to patients’ fear of coming in for routine care and the need for longer and longer care. more spaced. appointment to allow for proper health and safety protocol, which has led many practices to implement longer hours and pay staff overtime in order to see the same patient load as before COVID.

With such good news on the horizon, there are a few considerations dental practices need to keep in mind to remain profitable until they are able to fully recoup revenue and staff levels. before COVID.

  • Review your active patient list and reschedule expired hygiene appointments for the spring and summer months: Many patients have not been to the dentist in the past year due to fear of contracting COVID-19, but have expressed an interest in doing so once they are fully immunized.

As the economy rebounds, more people who are expected to find jobs and receive the COVID vaccine will return to their dental offices because they will no longer have the same health issues and have dental insurance and disposable income to use. Additionally, during the pandemic, stress-related dental issues such as teeth grinding, cracked teeth, and jaw pain were exacerbated and practices can expect to schedule more procedures for patients returning to the hospital. office for cleaning and need additional dental work due to stress. related conditions.

Due to this expected increase in dental visits, practices should consider scheduling appointments, especially for patient recalls, as these regular check-ups will allow dentists to identify other oral problems that have not occurred. not treated during the pandemic. This could lead to a need for additional procedures in the summer and fall, resulting in more typical – or higher – income levels before the pandemic. Dentists should review their active patient lists to identify patients who have not made an appointment or who have made and canceled a hygiene appointment in the past year and contact them to determine their availability. for a future meeting. During these conversations, staff should reinforce the practice’s COVID-19 safety protocol and assure patients that these standards will remain in place even after the population is widely vaccinated.

  • Continue to train staff: Many practices have lost staff due to fear of being in the office during COVID-19 or due to competing responsibilities for caring for children or the elderly. Specifically, many practices have fewer hygienists, who typically produce more than 20% of the company’s turnover, which creates a large gap in production. Rural areas of the state have been hit hardest by the need to recruit and replace hygienists who have not returned to the office due to risk factors for COVID-19. Fortunately, many practices have been able to train staff and extend working hours to compensate for these labor shortages. However, it also led to the need to pay employees overtime in order to handle the same load of patients.

Practices should continue to train employees who can work longer hours in the short term. Once more patients are immune to COVID-19, practices can return to normal operations and potentially reduce overtime hours and labor costs, while expanding the dental team as needed, especially with many hygienists who return to work to cope with the expected return wave in summer and fall. the patients.

  • Take advantage of financial assistance programs: Programs like the U.S. Small Business Administration’s Paycheck Protection Program (PPP) have helped many businesses, including dental offices, cover large expenses like payroll and rent or mortgage interest, and some many dental offices applied for a second PPP loan in the last cycle. loan. While dentists may soon expect a full appointment schedule, they can still consider taking advantage of this funding, or additional funding sources, such as traditional loans and lines of credit, for financial relief up to the point. ‘that they are able to do so. Practices should document their use of PPP funds to determine if they qualify for a full discount, essentially turning the loan into a grant. PPP loans can be fully discounted if, during the 8-24 week period of loan disbursement, employee and compensation levels are maintained and the loan proceeds are spent on qualifying expenses. , including at least 60% of the proceeds of the payroll loan and related expenses. fees and taxes.

Although vaccine distribution is improving, it may still be several months before more patients feel comfortable returning to the practice. In the meantime, dentists should take these strategic steps to stay profitable and prepare for the expected influx of patients.

If you want to know more, go to: or contact Phil Daniels at 802-734-6338.

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Pressley and Warren push Biden to give up $ 50,000 in student debt Thu, 08 Apr 2021 02:37:54 +0000

BOSTON (AP) – President Joe Biden is expected to help those fighting the student debt crash by immediately forgiving debt of up to $ 50,000 for federal student loan borrowers, Democrats said Thursday.

Biden can take the step by using the existing authority granted to him under the Higher Education Act, said U.S. Senator Elizabeth Warren, U.S. Representative Ayanna Pressley and Massachusetts Attorney General Maura Healey at the conference. an afternoon press conference.

Pressley said the action would solve a crisis that disproportionately hurts black and brown borrowers.

“We are all here to call on President Biden to uphold the movement that elected him and use his executive authority to write off $ 50,000 in federal student loan debt,” Pressley said.

Due to historically discriminatory policies – such as redlining, which limited the ability of blacks to obtain the bank loans needed to buy homes and build wealth over generations – black and brown students seeking college had to rely more on student loans, Pressley mentioned.

“If President Biden is serious about closing the racial wealth gap, if President Biden seeks to rebuild better, then he must use his executive authority to cancel student debt on a large scale and at all levels,” he said. she declared.

Capping the amount of debt relief at $ 50,000 will do the most good for the maximum number of people trapped under piles of debt that make it difficult to buy homes, start businesses and start families. , Warren said.

Canceling $ 50,000 in debt would help close the wealth gap between black and white borrowers, Warren said. She also said that 40% of those who took out student loans were unable to complete their college education, many of them struggling with debt while working in lower paying jobs.

Efforts to cancel student debt have come under criticism from former student debt holders who say they have worked and saved to pay off their debts and don’t think it’s fair for others to be released .

Warren said student debt forgiveness is good for everyone.

“Our economy would be better off if all the people with student loan debt could go out and start their small businesses, be able to buy houses, be able to take public service jobs,” she said. “If we take the position that if I haven’t gotten it in the past, you can’t get it now, we never build anything. We would not have created Social Security. We would not have started medicare.

La’Kayla Carpenter said she was days away from buying her first home when she learned she was in default of $ 23,000 on her student loans. She said she tried to make a deal to be exonerated, but was turned down.

“I did everything I could to stay on the right track – I went to school, I graduated, I got married, I had children,” he said. she declared. “Feeling like I was less than a person because of it didn’t really do me good. “

Biden announced in January that federal student loan payments would remain suspended and interest rates would be set at 0% until at least September 30, extending action by former President Donald Trump’s administration.

The hiatus in student loan payments has since been extended to more than one million people in default of student loans held by private lenders who offered federally guaranteed loans under a program that took end in 2010.

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Cardona Suspends Collection of One Million Defaulted Federal Student Loans Thu, 08 Apr 2021 02:37:35 +0000

The Biden administration on Tuesday halted collection of more than one million federally guaranteed student loans, giving relief to a subset of borrowers who have been excluded from the government’s unprecedented freeze on loan payments and interest during the past year.

The Education Department has said it will suspend collection for all borrowers in default of student loans guaranteed by the federal government but held by a private entity. It will also set the interest rate at 0 percent on these loans.

“Our goal is to enable those struggling defaulters to obtain the same protections previously made available to tens of millions of other borrowers to help overcome the uncertainty of the pandemic,” the secretary said. to Education, Miguel Cardona, in a statement.

Key context: The CARES Act and the executive actions of the Trump and Biden administrations previously covered about 40 million Americans who owe student loans held directly by the Department of Education. Monthly payments and interest on these loans have been suspended since March 2020 and relief is currently expected to expire at the end of September.

But emergency relief programs excluded about 8 million borrowers who owed federally guaranteed student loans held by the private sector.

Cardona’s action on Tuesday applies only to borrowers who have defaulted on their federally guaranteed loans from private lenders under the federal family education loan program. It does not affect about 5 million borrowers who are not in default under this program.

“We are still considering what our options are,” a senior ministry official said on Monday, saying it was “more complicated” for the agency to extend relief to federally guaranteed loans that are still held by private lenders.

The official said the Department of Education provides assistance to defaulting borrowers under the HEROES Act, a 2003 federal law that gives the department the power to change the terms of federal student loans in the event of an emergency.

How it will work: The Education Department said it would immediately suspend collection of 1.14 million federally guaranteed student loans in default.

The relief will apply retroactively, the department said, and the agency will reimburse tax returns and wages it has garnished from borrowers in default since March 13, 2020, when President Donald Trump declared a national emergency. because of Covid-19.

The department said it would also repay accrued interest on delinquent loans dating back to last March.

Reaction: Consumer advocates have welcomed the expansion of relief for some borrowers, but said the education ministry should go further to extend relief to all borrowers.

“Borrowers with FFEL commercial loans need Washington to stop drawing arbitrary lines that leave them without any protection or assistance,” said Seth Frotman, executive director of the Student Borrower Protection Center. “It is clear that the department has the legal authority to protect all federal student loan borrowers during the pandemic and to provide real relief – it is high time they used it.”

Persis Yu, director of the National Consumer Law Center’s Student Loan Assistance Project, said the group was “happy” with the relief, but said it was “not enough.”

“The millions of FFEL borrowers who have not yet defaulted but who may struggle to repay their student loans often at the expense of other vital necessities need relief,” she said. “The department can provide this relief and should do so immediately. “

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5-year-old dies of head trauma at Chicago hotel wedding reception – FOX23 News Thu, 08 Apr 2021 02:37:13 +0000

OAK BROOK, Illinois – A 5-year-old boy died from a head injury when he fell on his head at a wedding reception Friday at the Drake Hotel in Chicago.

An emergency doctor performed saving gestures on the child around 10 p.m. while waiting for help to arrive, the Chicago Tribune reported. The boy was taken to hospital where he was pronounced dead.

Police said video from the hotel showed the boy, who was not identified, lying on a table near a sofa where other children were sitting. When the other children got up to leave, the boy held the edges of the table while sliding and the granite top fell on his head, WGN reported.

The hotel shared its condolences about the incident.

“Our team is heartbroken by this terrible accident”, officials said in a statement. “We would like to share our condolences to affected family and friends. To respect their privacy, we are unable to share details of the incident.

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From writing an essay to a summer internship Thu, 08 Apr 2021 02:36:42 +0000

I am a summer intern within the Quicken Loans Servicing team. I started my internship a little over a month ago and have taken advantage of all the opportunities here since I started. However, I can’t forget the risk-taking that got me here – without it I wouldn’t have got my internship.

How I got my internship

During my freshman year of high school, I participated in a career enrichment mentoring program focused on exposing students to the entertainment industry in Detroit. We spent three weekends chatting with countless people involved in Detroit’s entertainment scene, in addition to discussing the investors who have helped the city reboot economically over the past decade. I was captivated by the economic challenges and the subsequent rebirth of my hometown which was largely run by the Quicken Loans family of companies.

About a year after this experience, I was challenged to write my in-depth International Baccalaureate essay – a 4,000-word independent research-based essay on a topic of my choice. When the time came to choose my essay topic, I remembered how fascinated I was with Detroit’s ongoing revival and chose to focus on Rock Ventures LLC’s economic role in downtown. city ​​of Detroit. Specifically, I studied the impact of Rock Ventures’ downtown real estate investment on employment in Detroit. After months of intensive research and writing, I finally finished my essay – and to celebrate, I sent the essay to Dan Gilbert for reference. To my surprise, not only did I receive a surprisingly positive response, but I was also referred to the company’s talent acquisition team and was ultimately offered a full-time internship for this. summer !

What I learned

More than anything else, this situation highlights the importance of taking risks. I had been so reluctant to send in my essay for fear of not getting a response, but changed my mind and considered the possible opportunities that might arise from the essay. Even if I hadn’t ended up receiving a response to my email, at least I would know I had reached out. However, by sending this email I received an opportunity that I could never have imagined before even starting my freshman year of college!

Today, I gain first-hand experience working alongside investor reporting specialists and other financial experts. Not only am I learning so much in my role, but I am also able to follow dozens of positions across the FOC – an incredible opportunity to explore careers in my area of ​​interest. On top of all that, I work for a company involved in change for the better in Detroit – the revival of the city was the reason I chose my topic for my extended essay, after all.

Looking back, none of these experiences would have happened if the Detroit revival hadn’t sparked my interest, I hadn’t decided to write my essay on Rock Ventures LLC, or of course, I hadn’t. not emailed to Dan Gilbert. The company has a well-known set of philosophies called ISM – and after that experience, I believe more than ever in ISM “You’ll see it when you believe it”. If I had simply maintained a passive and hesitant attitude, I would not have gone beyond what seemed comfortable or safe. Instead, I decided to take the risk and believe in myself, and now I’m having an amazing summer internship.

If you are interested in an internship at Quicken Loans, visit

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