TSX:SRV.UN - Post by User
Post by
BlueJay2020on Jul 17, 2021 9:12pm
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Post# 33565870
Opco Debt Levels
Opco Debt LevelsSomeone posted recently that they were concerned over the high levels of debt that the operating company is carrying.
On May 9, 2021 the bank was owed $24.3M.
On August 31, 2020, the bank was owed $36.7M
On February 9, 2020, the bank was owed $29,3M
On August 25, 2019, the bank was owed $25.2M
On February 10, 2019, the bank was owed $29.0M
Given the trauma that the company has been through over the last 18 months, they do not appear to be in demonstrably woirse shape financially than when the stock was trading at $15.
The debt is a third lower than it was almost 12 months ago, and by the end of the year could be lower still. As of now they are only using 50% of their availability facilities, which are locked in until July next year. The finances are sufficiently healthy for the bank to allow a catch-up of circa $5M of deferred royalties and interest.
What am I missing here?