Ann: FY2017 Full Year Statutory Accounts, page-2

Hi guys, I've been looking into SDA a fair bit over the last week and it looks to have a strong forward PE amongst other things. I am concerned about what seem like high short term liabilities (75% of current assets). I've also noticed that short term assets are 47% of current long term liabilities which is a bit of a risk. I'm still researching but would be interested on thoughts around the short term ability to grow profits to reduce the 47% of total long term liabilities or to reduce costs. Future P/E looks strong however with 2017 being 46.7 and 2018 forecast at 27.61. Any thoughts to add in regards to reducing liabilities, in-particular the loan? Thanks.