Ann: Annual General Meeting - Presentation, page-37

Let's look at the financials of $OML:

AU$128.7m debt - AU$60.0m cash = AU$68.7m net debt

(AU$247.2m short-term liability + AU$802.6m long-term liability)
- (AU$60.0m cash + AU$119.0m short-term receivables) = AU$870.8m total liability

MARKET CAPITALISATION @$1.20 Today $718,375,048

The question is: If OML has to pay its liability down through capital raising, how heavy could the dilution on the share price be?

Debt to EBITDA ratio: 0.73
Interest coverage: earnings before interest and tax (EBIT)/ interest expense = 0.71

Note that: oOh!media grew its EBIT by 74% over the last twelve months.
Plus, Generally, an interest coverage ratio of at least two (2) is considered the minimum acceptable amount for a company that has solid, consistent revenues. Analysts prefer to see a coverage ratio of three (3) or better.

All these data come down to, whether or not could OML manage its debt levels?

Considering the foreseeable rate hike & adjusted economic growth expectations, what we might see is, that OML is paying more on its debts and earns less from its business operating.

I think the market has priced in these factors and we will see how things are by August.