Morgans Queensland Conference
2018 Full-Year Balance Sheet Strength
Cardno®
FY2016
FY2017
FY2018
1.
$'000's
$'000's
$'000's
Net debt
49,607
15,294
19,938
Net debt now $19.9m which is slightly up from $15.3m
as at 30 June 2017 and significantly down from $49.6m
at 30 June 2016.
Total debt facilities
US$210m US$91.6m
US$91.6m
2.
Net tangible assets decreased primarily as a result of
the decrease to deferred tax assets.
Intangible assets
322,604
295,873
313,017
3.
Liquidity ratios all remain healthy.
Trade Other Receivables - trade payables
65,938
74,422
88,303
Net tangible assets
234,493
249,404
220,191 2
Current assets/Current liabilities
2.0x
1.8x
1.8x 3
(Cash + Debtors + WIP)/(payables + debt)
1.5x
1.7x
1.7x
3
(Cash Debtors +WIP)/Debt
2.7x
4.2x
3.9x 3
Net Debt/EBITDA (lending covenant <= 3.0x)
Interest Cover Ratio* (lending covenant >= 3.0x)
Net Asset Value (lending covenant >= $446.7M)
1.5x
0.4x
0.3x
3.5X
5.6x
16.3x
557,097
545,277
533,208
* Interest Cover Ratio is the ratio of EBITDA to Net Interest Expense for the prior 12 months.
30 Cardno: Morgans Queensland Conference
Our ongoing strong balance sheet enables the
company to focus on long term sustainable
growth options to build value for shareholders.View entire presentation