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Financial failure is a general lack of financial knowledge and awareness.
Failure of meeting financial obligations/commitments from time to time irrespective of infusion of funds from approved or unapproved sources.
Financial failure begins when the projected cash flow schedules are missing due to an overestimate or deep changes in market factors. It will lead to delays in meeting obligations towards suppliers, employees and financiers, if any. This situation can be corrected by bringing in short term funds either by the owners or througuh borrowing. In this case, one must do necessary corrections in cash flows and pursue it closely in order to avoid further adversities.
I can say in short term words
That company cannot generate cash to pay short term obligations including monthly interest of long term loans
And alot of long term loans not paid yet
I can say in short term words
That company cannot generate cash to pay short term"Power Culture"obligations including monthly interest of long term loans
And alot of long term loans not paid yet
but in fact it is the financial failure of all previous definitions if they all emphasize the lack of the project's ability to pay current obligations in maturity
If you spend more than you earn.
There are more than one definition of a financial failure in academic studies if some people interpret as the actual liquidation of economic unity, there is the view that the inability to repay short-term obligations at maturity while Others see it stop paying interest on loans or bonds and other team knows the financial failure that the company stop the payment of preferred stock dividends but in fact it is the financial failure of all previous definitions if they all emphasize the lack of the project's ability to pay current obligations in maturity.
Agreed with the above answers, in short the poor funds management which fails to meet the mandatory obligations results into the financial failure.
Beautiful answers specially by Mr. Assi and Mr. Patel.
absence of experienced and professional managment and having the environment of "Power Culture"" Besides Role Culture"
