A look at Australia’s corporate balance sheets

We estimate that the revenues of firms in most sectors were still too low in mid-June to generate profits. If those conditions persisted, nearly one-third of firms would run out of cash by the end of Q3. However, revenue should recover over coming months as restrictions are eased. And those firms in difficulties are receiving support from the JobKeeper wage subsidy,  loan deferrals and a huge expansion in bank lending.