I just mean prior the AASB16 (which only started in FY21) EBITDA was a better metric as leases were above the line.
I would be curious to see what EBITDA is on a pre AASB16 basis, weather that 4.5x would be materially different.
Leases to me are a core cash expense.
Ann: LaserBond's Strategic Expansion into WA, page-9
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