Patrick Glovac - Cirrus Networks Director

Director

Mr. Patrick Michael Glovac was appointed as Director of Liberty Resources Ltd., with effect from 21 August 2014. Mr Glovac holds a Bachelor of Commerce majoring in Finance, Banking, and Management through Murdoch University and also holds a Diploma of Management. Mr Glovac worked as an investment advisor from 2003 2014 for Bell Potter Securities Limited focusing on high networth clients and corporate advisory services. During that time he has provided capital for many ASX listed companies from early stage seed capital through to IPO. Mr Glovac was a founding director of Applabs Australia Pty Ltd, a private technology investment fund, which was acquired by AACL Holdings Limited in 2013. AACL Holdings then changed its name to Applabs Technologies Limited where Mr Glovac continues to serve as Managing Director. Mr Glovac is also a Director of RAP Property Developments Pty Ltd, a private land development company, which since its incorporation in 2012, has undertaken numerous projects in Australia. since 2014.
Tenure 10 years
Phone61 8 6180 4222
Webhttp://www.cirrusnetworks.com.au

Cirrus Networks Management Efficiency

The company has return on total asset (ROA) of 1.91 % which means that it generated a profit of $1.91 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 39.96 %, meaning that it generated $39.96 on every $100 dollars invested by stockholders. Cirrus Networks' management efficiency ratios could be used to measure how well Cirrus Networks manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 615.93 K in total debt with debt to equity ratio (D/E) of 17.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Cirrus Networks Holdings has a current ratio of 0.96, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Cirrus Networks until it has trouble settling it off, either with new capital or with free cash flow. So, Cirrus Networks' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cirrus Networks Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cirrus to invest in growth at high rates of return. When we think about Cirrus Networks' use of debt, we should always consider it together with cash and equity.

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Cirrus Networks Holdings Limited, together with its subsidiaries, provides information technology services and related third-party products in Australia. Cirrus Networks Holdings Limited was founded in 2003 and is headquartered in Subiaco, Australia. Cirrus Networks is traded on OTC Market in USA. Cirrus Networks Holdings [LYRTF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Cirrus Networks Holdings Leadership Team

Elected by the shareholders, the Cirrus Networks' board of directors comprises two types of representatives: Cirrus Networks inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cirrus. The board's role is to monitor Cirrus Networks' management team and ensure that shareholders' interests are well served. Cirrus Networks' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cirrus Networks' outside directors are responsible for providing unbiased perspectives on the board's policies.
Catherine Anderson, Company Secretary
Matthew Sullivan, Director
Patrick Glovac, Director
Andrew Milner, Director
Daniel Rohr, Director
Matthew Green, CFO
Paul Everingham, Non-Executive Director
Karl Cahill, Investor Relations Contact Officer-USA
Frank Richmond, Founder, CEO and Director

Cirrus Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Cirrus Networks a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in Cirrus OTC Stock

If you are still planning to invest in Cirrus Networks Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Cirrus Networks' history and understand the potential risks before investing.
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