https://www.bloomberg.com/gadfly/articles/2017-05-11/noble-group-fails-the-micawber-test?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
A company will survive if it is still producing positive cash flows despite negative profits. However, a company won't make it when it's producing negative cash flows with positive profits. Many profitable companies collapsed because of negative cash flows. Warren Buffett prefers positive cash flow than positive profit.
Noble has a double whammy because it has a debt load which it can't handle and it's producing a negative cash flow.
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https://sg.finance.yahoo.com/news/concerns-over-nobles-future-shares-hammered-070744046.html
https://sg.finance.yahoo.com/news/noble-group-steadies-moody-apos-020822675.html
Look like debts exceed Noble's ability of repayment.
https://sg.finance.yahoo.com/news/noble-group-foe-muddy-waters-060250861.html
https://finance.yahoo.com/news/noble-group-dealt-fresh-blow-003217144.html
Another credit rating downgrade by another credit rating agency. Sigh!
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