EROAD Limited

ASX:ERD

EROAD Limited

ASX:ERD
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$0.770 (-9.4%)
Last close price
#433
Rank
12
Held by
59
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Shapeshifter
Company Report
Last edited 3 years ago
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#Risks
stale
Shapeshifter
Added 3 years ago
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Should there be any concerns about Eroad's debt?

According to Simply Wall St they have a debt/equity ratio of 33.5% (March 31 2021) and ERD's interest payments on its debt are not well covered by EBIT (2.6x coverage).

What happens as interest rates start rising?  Can you just assume looking at the earnings growth debt will be well covered?