$Travel Plus Leisure (TNL.US)$It is an American company that...

Revenue began to decline before the outbreak, but stopped the decline in 2019. Profits returned to 310 million in 2021. Profits in the first two quarters of 2022 reached 150 million, and growth should be achieved for the whole year.

The income statement shows a heavy interest burden, reaching 30% of operating profit in 2021, a balance sheet showing long-term borrowing of 5.2 billion, and the company has little net worth. The company's accounts receivable is also very high, reaching 2.5 billion, reaching 80% of revenue, which is very abnormal. At the same time, the company's inventory shares reached 6.5 billion, in the case of such a high debt ratio to retain this number of inventory stocks is very unreasonable, the stock is not very attractive.