I assume you refer to EEFT. I can see your concern if you frame it that way. I also consider the unrestricted cash and EBITDA of the business, which doesn't concern me. Plus the nature of the industry.
Net Debt-to-EBITDA is only 1x. Interest coverage exceeds 10x. And they are growing organically.
I am long wise and extensive user of Revolut and wise to.
Great article! My business has recently been exploring International Payment Gateways, so this is fun to read.
Very interesting but what gives me pause is the $2B in debt on only a almost $5B Market Cap, that's a pretty large number
I assume you refer to EEFT. I can see your concern if you frame it that way. I also consider the unrestricted cash and EBITDA of the business, which doesn't concern me. Plus the nature of the industry.
Net Debt-to-EBITDA is only 1x. Interest coverage exceeds 10x. And they are growing organically.