They do have debt, $80m at the last Annual Report, not sure if thats current or if there have been more notes issued since then.
That being said, it does still seem good value considering the case wins appear to have normalised nicely after the bad-blip.
Dividends back in action, franking credits to boot. Another big win like the S&P type thing might kick things into gear again. Otherwise, its just a sit and wait.
IMF Price at posting:
$1.84 Sentiment: None Disclosure: Held