Ann: Trading Update, page-61

IDX Finance covenants:
Net Debt to EBITDA not greater than 3.5; and
Fixed charge cover ratio greater than 1.75

2023
Current Net Debt $189,741,000
Reported EBITDA $92,061,000

Acquisitions:
Horizon Radiology - low complexity suburban imaging, high volume low fee business.
Peloton / Xray & Imaging - low complexity suburban imaging, high volume low fee business.
IMHO - Current acquisition strategy appears to be a drift to the Macca's end of the market. Will this pay off - seems not to so far based on revenues and NPAT impact of those acquisitions.