https://www.telekom.com/en/investor-relations/publications/financial-results-2019#559390
Net debt: EUR 78.8 B which increase 42% a year ago mainly due to accounting principle change not because of company taking in new debt.
9M Operating Profit = 7.6B vs interest net expense of 1.8B
Interest coverage = 4x vs 5x in 2018 --> worsening financing ability
9M Operating Cash flow = 17.5B and FCF = 7.5B
Dividends Payout = 3.5B --> Coverage ratio is good. Not overpaying S/H. Dividend safety is high.
Interest coverage in terms of FCF and Operating Cash flow is much higher.
Overall no financing issues. Ability to pay banks and S/H is there.
Total Cash on Balancesheet = 6.4B vs ST Debt = 14B and LT Debt = 55B and LT Lease = 16B
20B debt expire within 5 years while 35B will expire beyond 5 years. No near term liquidity crunch as company's cash generation ability is there.
No comments:
Post a Comment