CHR experienced a dramatic financial deterioration with liabilities exploding 8,014% while cash plummeted 92% and operating losses deepened significantly.
This represents a severe liquidity crisis with total liabilities increasing from $24K to $1.9M while cash reserves collapsed from $407K to just $35K. The company appears to be burning through cash rapidly while accumulating substantial debt obligations, creating immediate going concern risks.
CHR's financial position deteriorated catastrophically between 2019 and 2020, with liabilities increasing over 80-fold to $1.9M while cash reserves evaporated by 92% to just $35K. Despite net income appearing positive at $3.3M (likely due to non-cash items), operating performance worsened dramatically with operating losses expanding from -$277K to -$2.4M and operating cash flow declining to -$1.7M. The massive disconnect between reported net income and operating cash flow, combined with the severe cash depletion and liability explosion, signals a company in acute financial distress requiring immediate attention from investors.
Liabilities grew 8014.4% — significant increase in debt or obligations, assess impact on financial flexibility.
Current liabilities surged 3390.6% — significant near-term obligations; verify ability to meet short-term debt.
Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.
Operating cash flow fell 361.7% — earnings quality concerns; investigate working capital changes and non-cash items.
Net income grew 103.7% — bottom-line growth signals improving overall business health.
Cash declined 91.5% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.
Current assets declined 84.5% — monitor working capital adequacy and short-term liquidity.
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