Using FY17 information if FCF was 1,220M, interest paid is 652M and dividend 801M, TOTAL -228m.
When you talk about rolling the debt can you please clarify what you mean when you say, "to pay for borrowings (interest expense)". I take this to mean that interest expense is being paid with new debt. If this is the case then I must go back to my initial point of being unsustainable.
I agree with your assessment of the growth component.
Transurban self-cannibalizing with unsustainable dividends?, page-6
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Last
$12.33 |
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Mkt cap ! $38.12B | |||
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