GREY:HRIVF - Post by User
Comment by
discernon Nov 13, 2009 7:05pm
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Post# 16486066
RE: Other 3Q musings
RE: Other 3Q musingsHRG has 90 million outstanding in debt according to the balance sheet (there is an additional 22 milion in accounts payable but they have 12 million in accounts receivable and enough cash to cover these costs).
This 90 million in debt cost them 8.5 million in debt servicing in the 3Q.
That cast works out to a payment rate of 37.6% annually.
Why not simply pay out all outstanding debt with the current 65 million in inventory and 39 million in cash?