Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: AurumRabosa who wrote (2077)	9/25/1999 11:14:00 AM
From: M. Frank Greiffenstein	Read Replies (1) of 15615

Interest coverage.... Ron, that 60 million a quarter in debt servicing needs to be in the context of interest coverage. Per the recent debt grading, GBLX has the following interest coverage ratio: Total leverage pro forma for the merger and the Global Marine acquisition was approximately 4.3x and interest coverage was 4.0x at June 30, 1999. So they generate four times the cash necessary to cover debt service. That's not bad. DocStone

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