As answered by another member, income is in USD and debt and interest is in USD, so there's a natural hedge. Debt is not ballooning out at all.
With the AUD falling however, the all-in cost is actually falling with it because Australian salary and wages, contract costs, Australian leasing costs, overheads and any other cost in denominated in AUD is lower when paying with USD.
1 AUD bought 0.9333 to 0.875USD back in September 2014, now it only buys 0.82USD on a good day.
IS FMG Next ???, page-106
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$20.18 |
Change
-0.500(2.42%) |
Mkt cap ! $62.16B | |||
| Open | High | Low | Value | Volume |
| $20.18 | $20.38 | $20.02 | $161.1M | 7.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 18199 | $20.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.18 | 2002 | 11 |
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| FMG (ASX) Chart |