From the last balance sheet debt was $4.232 B and shareholders equity $3.457 B. If interest rates go up for a long time there could be a problem even though the debt only currently represents about 3 years net profit. When considering industrial stocks, a lot of investors will specify a maximum debt level of 40%. The only reason I can think of for the shareholder buyback, given this level of debt, is to inflate the share price and make management look better than they really are.
From the last balance sheet debt was $4.232 B and shareholders...
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Last
$285.56 |
Change
2.510(0.89%) |
Mkt cap ! $138.2B | |||
| Open | High | Low | Value | Volume |
| $286.49 | $287.22 | $284.10 | $109.1M | 381.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22 | $285.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $285.60 | 32 | 5 |
View Market Depth
| Last trade - 14.10pm 16/05/2024 (20 minute delay) ? |
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Last
$286.26 |
Change
2.510 ( 0.80 %) |
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| Open | High | Low | Volume | ||
| $286.01 | $287.20 | $284.18 | 89337 | ||
| Last updated 14.31pm 16/05/2024 ? | |||||
| CSL (ASX) Chart |