Kelly Partners Group Holdings Limited

ASX:KPG

Kelly Partners Group Holdings Limited

ASX:KPG
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$10.05 (+2.8%)
Last close price
#99
Rank
5
Held by
19
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Scott
Company Report
Last edited 5 years ago
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Performance (84m)
15.5% pa
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#Bear Case
stale
Scott
Added 5 years ago
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For me there is too much debt and the balance sheet has a lot of intangibles.

Debt to equity is 121%. Debt to market cap is 38%

Balance sheet has $41M in liabilities. Only $15M in current assets. $49M non-current assets. Most of this goodwill, then leases and then loans to partners.

Not sure what the debt covernants are, but in a falling market this is not for me.