19 Mar '17, 1pm

Lesson from Ezra Bankruptcy: Asset Rich, Cash Flow Poor: By now, some of you would have read Ezra’s filing for… https://t.co/9ly2eUp1it

By now, some of you would have read Ezra’s filing for bankruptcy protection in the United States. Previously a billion dollar company, Ezra’s fall from grace was due to the fall in oil prices. Nevertheless here are a few things we can learn from it. 1) Cash/Cashflow is key One reason for Ezra”s decision to file for bankruptcy was due to its inability to pay creditors. The reason was simple – Ezra’s assets was neither generating sufficient cash flow to meet its daily expenses nor did it have enough cash reserves. If one were to examine Era’s balance sheet over the years; despite a growing asset base, Ezra’s assets were generating paltry cash flow. In the personal finance sphere, it highlights to us the importance of our assets (income from work or property rental income) to generate the necessary cash to service our cash expenses. This is because regardless of …

Full article: http://thefinance.sg/2017/03/19/lesson-from-ezra-bankrupt...

Tweets

Singapore banks, energy services stocks wobble ...

ft.com 20 Mar '17, 3am

All the benefits of Standard Digital, plus: Unlimited access to all content Instant Insights column for comment and analys...

Singapore's Ezra Holdings files for US bankruptcy

Singapore's Ezra Holdings files for US bankruptcy

cnbc.com 19 Mar '17, 11pm

Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, blaming a prolonged...

Singapore's Ezra Holdings files for U.S. bankru...

reuters.com 18 Mar '17, 5pm

Oilfield services firm Ezra Holdings Ltd (EZRA.SI ) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming...

#Ezra files for US bankruptcy as marine debt crunch spreads

#Ezra files for US bankruptcy as marine debt cr...

todayonline.com 20 Mar '17, 3am

SINGAPORE — Ezra Holdings, a Singapore-listed oil-field services group, filed for bankruptcy in the United States after we...

Singapore's oil and gas index falls 1% after Ezra files for US bankruptcy protection

Singapore's oil and gas index falls 1% after Ez...

channelnewsasia.com 20 Mar '17, 2am

SINGAPORE: The Singapore oil and gas index fell more than 1 per cent in early trade after oilfield services firm Ezra Hold...

Ezra Bankruptcy Adds to Singapore’s Sorry Offsh...

gcaptain.com 20 Mar '17, 2pm

By Aradhana Aravindan and Anshuman Daga SINGAPORE, March 20 (Reuters) – Oilfield services provider Ezra Holdings Ltd’s dec...

Analysts mull outcome as Singapore's Ezra holdings seeks shelter from creditors

Analysts mull outcome as Singapore's Ezra holdi...

cnbc.com 20 Mar '17, 5am

"Oversupply of offshore supply vessels along with the influx of newly built vessels resulting in low competitive charter r...

Bankrupt: Singapore’s Ezra Holdings Files Chapter 11 https://t.co/aKGzjt6bUn

Bankrupt: Singapore’s Ezra Holdings Files Chapt...

gcaptain.com 18 Mar '17, 6pm

by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankrupt...

via Bfly

bloomberg.com 20 Mar '17, 5am

Perhaps more importantly for companies like Ezra, or other oil services firms with operations outside of the city-state, S...

Master the cash flow statement with simple steps from @onbondstreet

Master the cash flow statement with simple step...

godaddy.com 30 Mar '17, 3pm

Cash flow truly is king for the small business owner. According to a U.S. Bank Study, a shocking 82 percent of businesses ...