The following is data in dollars from financial statements of an international company called "Suits for every size" which was established in 2010 and whose main activity is the sale of suits to the whole world:

Suits All Sizes	Suits All Sizes	Competing Company
2018	2019	2019	Name
127,800,000	47,963,000	27,253,000	Total balance
76,372,000	5,844,000	3,844,000	Current Assets
51,428,000	42,119,000	23,409,000	Non-current assets
12,220,000	13,410,000	15,610,000	Equity
90,810,000	8,501,000	7,411,000	Current liabilities
24,770,000	26,052,000	4,232,000	Non-current liabilities
			gain and loss
13,210,000	11,878,000	9,178,000	Total Revenue
8,651,000	7,221,000	6,883,000	Total cost of sales
4,559,000	4,657,000	2,295,000	Gross profit
4,359,000	4,232,000	1,735,000	Operating Profit
3,221,000	1,961,000	1,201,000	Profit after management and general
2,920,000	(510,000)	520,000	Profit (loss) after financing expenses
2,820,000	1,190,000	520,000	Profit after other income / expenses
2,820,000	1,190,000	520,000	Pure profit

Additional data:

1. The company learned on December 31, 2019 that its large customer abroad who owed it $ 500,000 went into cash flow difficulties and asked to defer payment for an unknown date

During 2019, the company sold a building that it owned and therefore generated a capital gain of $ 1,700,000.

3. The Company stated in its notes to its reports that the issue of depreciation of the Company's machines (valued at NIS 30 million in the books) is a "critical accounting estimate" and that the Company is not required to reduce in light of the use of a discount rate of 6%. The discount rate used by the competing company to examine impairment of similar assets is 8%.

4. There are covenants (financial criteria) due to the Company's liabilities to banks in the amount of NIS 30 million, according to which if the equity is less than 26% of the total balance sheet, the banks have the right to repay the debt immediately.

Required:

Based on your data, analyze the changes that took place in the various items in the company's reports between 2018 and 2019, using financial ratios and comparisons with a competing company.

And formulate a position on the "financial situation" of the company.