Cryptocurrency Q&A
How much debt does Saga have?
How much debt does Saga have?
Martina
Thu Aug 01 2024
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5 answers
999
I'm curious to know, could you please elaborate on the current level of debt that Saga is carrying? It's important to understand the financial health of the company and how it's managing its liabilities. Is the debt burden significant, or is it manageable? Additionally, how does this debt compare to industry standards or Saga's historical debt levels? Your insights would be greatly appreciated.
5 answers
Eleonora
Sat Aug 03 2024
Analyzing the Group's financial position statement as of 31 January 2024, Net Debt stands at £637.2m, marking a notable improvement from the previous year's figure.
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CryptoWizardry
Sat Aug 03 2024
This reduction in Net Debt can be attributed to two key factors: an increase in Available Cash and successful debt repayments.
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FantasylitElation
Sat Aug 03 2024
Specifically, Available Cash increased by £12.3m to reach £169.8m as of 31 January 2024, up from £157.5m a year ago. This uplift underscores the Group's liquidity position and financial resilience.
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GyeongjuGloryDaysFestivalJoy
Sat Aug 03 2024
Additionally, the Group repaid £62.2m worth of Cruise ship debt, further contributing to the reduction in Net Debt. These debt repayments reflect the Group's commitment to optimizing its capital structure and enhancing its financial flexibility.
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lucas_lewis_inventor
Sat Aug 03 2024
The Group has consistently demonstrated strong cash generation capabilities, maintaining a healthy financial standing.
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