That's the sort of question Lenders for Harbor would b asking with regards to short term pain, long term gain.
Current net debt is USD 2838 mil and they have USD75mil due this year & USD219 next year.
By the end of Sept Qtr this year their Free Cash Flow was USD659mil. So hopefully by the end of this year if they could get to USD800 mil that will b a huge relief.
GLNG & PNGLNG were 2 major Capex heavy projects which saw their Net debt increase from A$1334 mil in 2012 to A$7490 mil by the end of Dec2014.
At the current exchange rate of 75c, net debt of USD 2838 equates to AUD 3784mil, almost half of A$7490 mil.
So an entity looking at an acquisition would get ride of Non-core Assets, Long term Cash Flow from new Projects recently on-stream & manageable amount of Debt that is paid off from Free cash flow.
STO $6.86, page-20
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$6.82 |
Change
0.100(1.49%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.84 | $6.71 | $42.88M | 6.307M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13309 | $6.82 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 58478 | 6 |
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