Telkom investors raise concerns over high debt
Bigger than its market capitalisation of R15.3bn, the company says this is well within ranges set by covenants
24 July 2023 - 20:14
Local investors consider Telkom’s debt levels too high, raising concerns, according to the group’s annual report released on Monday.
By the end of the financial year to March 2023, Telkom reported a net debt of R16.8bn, which put its net borrowings to core profit — or earnings before interest, taxes, depreciation and amortisation (ebitda) — at 1.8 times...
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