Looking at the balance sheet for the Dec half year:
ASSETS:
Cash balance steady (good operating cash flow directed into paying down debt). US$2.3 billion cash on hand.
Property, plant & equipment down net US$600 million with D&A charges less new cap ex
LIABILITIES:
Borrowings down US$1.134 billion with debt buybacks.
Prepayments down US$125 million with amortization.
The balance sheet is getting better. Net assets should be up.
Iron Ore Price, page-4554
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$20.10 |
Change
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Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
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