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Dynamic Technologies Group Inc - Class A ERILF

Industrials Diversified Industrials
Empire Industries Ltd designs, fabricates, manufactures, erects and sells proprietary engineered products internationally. It operates in the segments of Ride-Systems Manufacturing, Parts & Service and Corporate & Other segments. These include Design and manufacture complex ride systems, Provider of parts and maintenance services to existing ride systems. The group operates its activities internationally.


OTCPK:ERILF - Post by User

Dynamic Technologies Group Inc - Class A
Bullboard Posts
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(2)
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Comment by liverlesson Aug 18, 2017 9:28am
63 Views
Post# 26595573

RE:DEBT

RE:DEBT
Debt was $19 million at the end of Q2.  The company generated $5.7 million of EBITDA in the first half.  Even using backward looking metrics debt is only 1.7x annualized H1 EBITDA.  That really isn't very much.  And it doesnt factor in any revenue ramp from the increased backlog.

Moreover, they paid back nearly $6 million of debt in Q2 which shows how easily they can pay debt back as they receive cash from clients.  I'm surprised you didn't focus on this in your DD?  It seems like a significant data point. Seeing a company pay down nearly 25% of their debt in 3 months makes me think the debt outstanding is not something I need to worry about.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities