That cash monthly cash burn plus acquisition $35m in current will increase gearing ratio substantially. They must have cash flowing around wildly otherwise why take on $30m debt when you have $80m in the bank. Also bank margin high at 2.6% would suggest not overly keen to borrow funds. Suggest a cap raising on the way to eliminate any debt for the year ahead.
- Forums
- ASX - By Stock
- ELO
- Ann: FY21 Results Investor Presentation
Ann: FY21 Results Investor Presentation, page-12
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)