Ramses - I think you might want to have a look at page 21 of the...

Ramses - I think you might want to have a look at page 21 of the presentation from immediately before the 2009 capital raising for some credit metrics. I may have made some errors so don't rely on me - however things look relatively good compared to back then.

metric; now (roughly); 2009; comment
ND/ND+E; 25%; 41%; lower is better
ND/EBITDA; 1.5x; 4.6x; lower is better
EBITDA/net i; 3.5x; 3x; higher better
EBIT/net i; 2.6x; 2.3x; higher is better

ND = Net Debt, E = equity; i = interest

DYOR