FMG 1.22% $18.32 fortescue ltd

I agree that debt is worth monitoring. However, its currently...

  1. 398 Posts.
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    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.
 
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