Hi All
I'm considering buying some CCL shares. I'm not a particularly sophisticated investor, but was hoping someone could help with a couple of question marks I have over the company.
Comsec is showing the following:
- $2.8bn debt
- Debt / Equity ratio of 134%
- PE 17.3
This seems like an extreme amount of debt, and I think the PE is fairly high.
Any comments? Thanks in advance.