Cheers.
Anyone want to have a go at calculating fixed charge ratio?
Assume EBIT stable yoy (pbt was 30.6mil and finance costs were 18.4 last year) = 49mil
Gross debt is 223mil. Last year debt repayments were 45mil so can we assume the equipment leases + loans for acquisitions is being amortised over ~ 6years. This maybe a bit high so maybe we should assume 10 years = 22mil per year?
so Fixed charge = 22 (debt repayment) + interest expense of 17 (disclosed in recent trading update) + leases (current lease liability) 14 = 53mil
so that would make the fixed charge ratio of only ~ 1.
Where have I gone wrong?
Ann: Trading Update, page-64
Add IDX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.97 |
Change
-0.110(3.57%) |
Mkt cap ! $694.8M | |||
| Open | High | Low | Value | Volume |
| $3.06 | $3.06 | $2.96 | $699.8K | 232.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1999 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 5378 | 5 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| IDX (ASX) Chart |