[quote=VituVingiSana][quote=Gatheuzi][quote=Gatheuzi][quote=VituVingiSana]What is ARM's Debt:Equity Ratio? That is what worries me.[/quote]
8.1b in equity vs 12bn borrowings. So the ratio is 148% as at 31st Dec 13.[/quote]
Bank loans form about half of the borrowings with a rate of about 13% p.a ($6.5B). There is an income note from Aureos for $1.7b (BTW Turner of Actis is a Non-Executive Director in the Board) and there is about $1.7B worth of Equity linked notes - with a rate of 12% but could be 13.2% depending on performance of the share price in the exchange. Remaining chunk is from bank overdrafts.[/quote]
At 13% it is not too shabby. And if part of the loan is convertible then it helps too. I assume you mean KES & not $. I thought the Debt:Equity was much higher so ARM isn't doing too bad.
For me those valuations (current price) have baked in the 'future goodies' so not for me. As a company (& for current sharehmolders who have been in it for years) it has done very, very well.[/quote]
Oh yes its KES not USD! Thanks for the correction.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.