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0.00% $3.24 bradken limited

Correction: Those previous calcs were based on 2x recent U...

  1. CaptainBarnacles
    11,144 Posts.
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    22/01/16
    16:00
    Post #: 16851935
    Correction: Those previous calcs were based on 2x recent U ebitda - but I would assume the covenant is based on u EBITDA = 63.8 (h2 15)+52 = 115.8. Net debt at $320m makes the leverage ratio 2.8x Which is under 3. So six months breathing space til the next test maybe.
    Last edited by CaptainBarnacles: 22/01/16
    BKN Price at posting: 40.5¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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