I have just started taking a look at the company again after a few years. Can anyone explain to me why the debt to equity ratio seems unusually high? Looking like a very solid company on most other metrics but Bell Directs data has the gearing at 96% and the interest expense cover at just 0.6. Am sure I am probably missing something obvious. Is this related to the nature of the financial solutions business?
TGA Price at posting:
$1.50 Sentiment: Buy Disclosure: Not Held