Financial Accounting Blog

Monday, October 27, 2003

Getronics Operational and Financial Recovery continues: "Net debt was reduced to EUR 125 million, resulting in an improved net debt / equity ratio of 39% (31 December 2002: 257%). "
A big part of this turn-around was due to a tax optimization program. With a switch like this, it does make one think about the direction of the company. In this industry though, you probably do not want to be over-leveraged.

Jeff S.