1Yr
I think their debt level is not insignificant.
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@Kohlmeyse The depreciation of the entire Russian part of the business has made the balance sheet look subterranean in some areas. Adjusted debt is only $400 million, which is less than half of EBITDA, so I don't see this as a cause for concern. The problem is rather the economic uncertainty, so that the expiring leases will not be renewed for the time being and the passive fleet will increase sharply.
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