20-04-2011, 01:44 PM
(20-04-2011, 01:18 PM)mrEngineer Wrote: Correct me if I am wrong.. The main Company debt should be fully consolidated and thus any elimination at Group level is due to debt owned to consolidated subsidaries or associates. Am I right?
Right. This is my understanding of consolidation as I did the spreadsheets when I was working in audit some time back.
As for Nick's comment on comparing debt to EBITDA, I am afraid I do not know enough about these kinds of comparisons to comment on it intelligently.

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