GREY:WFREF - Post by User
Comment by
tvstock2on Feb 11, 2015 7:34pm
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RE:RE:RE:RE:RE:LRE Bank debt covenants
RE:RE:RE:RE:RE:LRE Bank debt covenantsRatio without interest is 2.86? If you are right that's good news as that is < 3 and they can comply .
Quarterly EBITDA numbers for reference, not sure 100% correct
If the EBITDA numbers for the past 4 quaters according to this website are 100% correct, there is lot of room to move.
44.37M 57.43M 77.57M 115.98M for the last 4 quarters. When trailing 12 months figures are to be used in calculating the ratios, we can expect the lower 44.37 57.43 numbers to be faded out first. What comes out next 2 quarters may be weak, but comparing with these lower numbers it won't be a far miss or maybe even a beat.
That is another reason why I am confident that convenants will not be breached for 3 quarters ......as long as the top 115.98M remains in calculations, LRE is safe.