I'm looking at buying into this stock. The debt level seems very high, though (net debt $813M). In their latest preso, they strip out "floorplan finance" to give a much more respectable Net debt ratio of 25%. What is "floorplan finance"? Is it the debt AHG carry by offering customers car finance?
Appreciate any advice.
Ann: AHG presentation to UBS Australasia conference, page-5
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