Hi @Trendingstocks ,
I have been looking at DIA again, and I can’t find any data with the updated accounts following the debt conversion, capital raise and the deferring or refinancing of debt since end of 2020.
Do you by any chance know what the total liabilities are currently, roughly? (“Total pasivos corriente” + “total pasivos no corrientes”)
I estimate it to be around 300 million of debt which considering cash could even mean a net debt of 0, however they have had a lot of movement in recent months so I am a bit uncertain.
At the end of 2020 they had total debt of about 1.05 billion euros, but they have since renegotiated debt, converted some to equity and raised more capital (about 1 billion between debt conversion and equity raise, which pretty much cancels the debt)… Do you have any thoughts?
I just want to know if my rationale is or is not correct, as I cannot find any updated accounts. Net debt of 0 sounds quite positive for such a struggling business.
Also, according to the 2020 presentation I understand that debt has been pushed back to 2025 and beyond.
Relevant figures, it seems like everything is in spanish: