China Sky One Medical (PINK:CSKI)

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All Research Potential Valuation Scenarios CFO Trail Comments & Business Outlook Financial Target Agreements Financials GeoBargain Notes Investor Alert Joint Venture Liquidity Requirements Shareholder Letters

Tuesday, March 15, 2011

Our current ratio was 8.0 at December 31, 2010 compared to 3.9 at December 31, 2009, and the quick ratio was 7.7 at December 31, 2010 compared to 3.8 at December 31, 2009. We endeavor to ensure that funds are available to take advantage of new investment opportunities and that funds are sufficient to meet future liquidity and capital needs.

GeoTeam® Note: This statement is somewhat more ambiguous than comments made in prior filings, where it was more evident that the company would not need to tap capital markets.

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Monday, August 9, 2010

As of June 30, 2010, cash and cash equivalents were approximately $64,656,000 as compared to $48,233,000 at June 30, 2009. We had working capital at June 30, 2010 of approximately $77,152,000, compared to $60,584,000 at June 30, 2009 (restated). Our increase in working capital in 2010 was principally due to increased cash and cash equivalents funded by the increased cash flows generated from our operating activities. We consider current working capital and borrowing capabilities are adequate to cover our current operating and capital requirements in the near future.

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