What you are suggesting is slightly absurd. (Not having a go). These are not 30 year term loans. It's not about P&I and having the ability to completely amortise their debts over time if they wished to. Few companies on the ASX could do that. BHP would be one of them with only 9% LVR.
It's about not having a lazy balance sheet. Very little or no growth without debt I'm afraid. No matter what the climate.
Cheers.
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