Originally Posted by
dera
You dug much deeper than I did. Their annual debt obligations in interest alone is just under a billion dollars. They need to generate a billion dollars in operational cashflow, every year until 2025, just to service the interest. .
Actually it is worse than that. Their most recent loans were at such a high interest rate that the interest expense was $1.3 billion for only the first three quarters of this year and some of those loans were taken out long after the first quarter which means the debt service isn’t even for the entire year.
At $476 million a quarter (which it was in the 3rd quarter) their annual debt service will be just over $1.9 Billion. That’s a lot of money to shell out annually for debt service every damn year until it’s paid off.