BIN bingo industries limited
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Ann: Annual Report to shareholders, page-2

  1. rmp6868
    106 Posts.
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    04/10/19
    13:56
    Post #: 40727846
    I’m a big fan of the waste industry and Bingo but if I’m reading the annual report correctly then

    * they have a total leverage ratio under their banking facilities that the ratio of net debt to EBITDA cannot exceed 3.0

    * net debt is stated at 274.073 million

    * statutory EBITDA is 72.4 million

    ratio is therefore 3.78

    Shouldn’t they be paying down debt and not doing the current share buyback?
    BIN Price at posting: $2.14 Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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