CCP has a debt/equity of 168%.
Enormous!
Apparently though this is part of the business model. In order to purchase the debt ledgers the company has to borrow money.
Lucas makes some interesting comments here though on interest rate increases.
This is a precis but he says roughly this that as interest rates go up - cost of debt goes up so the cost of servicing debt ledgers increases.
This would lead to margins being squeezed.
But to offset this higher interest rates will be more people going into debt and the supply of debt ledgers will increase.
More debt ledgers on the market with fewer people to service them will lead to price at which they are sold to go down ie lower prices for debt ledgers.
http://easylink.playstream.com/virtuallylive/CCPinterview.wax
CCP has a debt/equity of 168%. Enormous!Apparently though this...
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Last
$13.25 |
Change
-0.030(0.23%) |
Mkt cap ! $898.8M | |||
| Open | High | Low | Value | Volume |
| $13.58 | $13.58 | $13.14 | $2.791M | 210.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2298 | $13.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.26 | 120 | 8 |
View Market Depth
| Last trade - 14.24pm 25/06/2025 (20 minute delay) ? |
| CCP (ASX) Chart |