Do you know what their receivables are? ZIP AU has 1.9B debt drawn and 2B receivables and 341M cash and equivalent. ZIP can generate a large amount of income after paying the interest. Why do they have to worry about the debt? this is the same as home buyers only pay 20% to buy a property with a bank loan. If it is a very worrying thing, have you persuaded people not to borrow money from the bank even if their income can easily cover the interest?
ZIP Price at posting:
$3.14 Sentiment: Buy Disclosure: Held
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