Frontline Corp balance sheet is weak and might have solvency issues

The net debt of Frontline Corp is decreasing.
Latest net debt of Frontline Corp is ₹54.33 Crs as of Mar-25.
This is less than Mar-24 when it was ₹55.19 Crs.

Yes, profit is increasing.
The profit of Frontline Corp is ₹3.08 Crs for TTM, ₹2.89 Crs for Mar 2025 and ₹1.22 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Frontline Corp latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable