Because reported financial liabilities include 3.8bn$ of repos, which cancel out against the corresponding securities (reported as assets).
You can essentially ignore that amount, for debt/equity calculation purposes.
There is also ~750m$ of debt against the property/infrastructure assets, included in the corresponding trust structures.
The debt that really "matters" is Capital Notes 1 and 2, and Subordinated Debt, for a total of 1.2bn$ (at June 30th 2018).
Why has the share dropped., page-120
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Last
$6.25 |
Change
-0.260(3.99%) |
Mkt cap ! $4.321B | |||
| Open | High | Low | Value | Volume |
| $6.52 | $6.56 | $6.25 | $21.22M | 3.351M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 85956 | $6.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.30 | 57566 | 4 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| CGF (ASX) Chart |