I agree that debt is worth monitoring. However, its currently not a massive issue like you seem to think.
Net debt of ~$1bn versus a market cap of ~$70bn. Interest payments of ~$200m versus NPAT of ~$10bn Low interest rate. I know you like to compare FMG's unsecured note rate to US treasury rate, but the rate is actually very low for an unsecured corporate debt.
FMG Price at posting:
$23.55 Sentiment: Buy Disclosure: Held
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