TSX:CUS.DB.D - Post by User
Comment by
ocean112on Mar 11, 2015 6:46pm
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Post# 23511545
RE:RE:RE:RE:RE:Net Debt
RE:RE:RE:RE:RE:Net DebtBlueCollar51 wrote: ocean112 wrote: Thanks Blue...honestly - i'm tired of trying to teach people who do not do thier homework.
Hawk - you must be on my ignore list. LT DEBT DOES NOT INCLUDE CONVERTABLE DEBT (I won't pull that out of the annual statement - I will let you do that yourself). When you recalc your numbers - they have plenty of room in thier credit facilities.
From the 2013 Annual Report
Consolidated Senior Debt, Consolidated Total Debt and Consolidated EBITDA are defined within the credit facility agreement.
Consolidated Senior Debt is defined as the aggregate of all long-term debt of the Corporation, including the Corporation’s shortterm
swing line loans, less subordinated long-term debt and intercompany subordinated long-term debt. Consolidated Total
Debt is the sum of Consolidated Senior Debt plus subordinated long-term debt.
The covenants specifically exclude the convertible debentures from the definitions of debt. Consolidated EBITDA is defined as the sum of the Corporation’s earnings
before interest, taxes, depreciation and amortization and other non-cash income or expense items on a rolling twelve month
basis. Other non-cash income and expense items include unrealized foreign currency translation gains (losses), mark-to-market
changes in fair value of derivative financial instruments and convertible debentures, and other non-cash items. Consolidated
Interest Expense is the sum of the Corporation’s interest expense incurred (excluding interest on convertible debentures),
before the capitalization of any interest and letter of credit fees, on a rolling twelve month basis.
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Thanks Blue. I have to admit - I think i've put most people on ignore that you're the only one left whose posts I read. It's unfortunate really - this board once had a ton of potential - and I learned a great deal from people on this site (Nawar, PM1231) - but it seems those folks have long abandoned this site given the quality of posts - and I think I might be doing the same.
No point giving free advice to gamblers who don't do thier homework (I can recommend a nice casino just down the road - Edgewater Casino - where some of these folks will have better luck at the craps tables than playing the markets with no knowledge of thier investment).
Wishing you luck on Canexus.
Kherson - take it away - the floor is all yours.