RE: All I can say is.......WOW30 May 2024 14:59
"In 2019 (last div) they had 10b of debt. Current debt is 28.5b and debt was reduced by 4.6b in the last year. (according to a quick, possibly inaccurate search).
So 4 years to get back to 10b, but that doesn't mean they won't pay one out sooner."
That is approx correct.
BUT.
For some of last year we were not at max capacity, and until recently, we had some debt at 11% interest rates, now it's 5%.
You would expect now with max+ capacity, increased charges per person, and low Interest rate charges, that we SHOULD..... in theory, be able to ramp up debt reduction even more.
If they are not early 20's by the end of the year, something is wrong for my two cents.
Plus, next year, you would then expect Interest Rates for the Fed to be lower, to which they should then be able to refinance again, and again lower the rates of Interest again, and with more ships at max+ capacity, should, again in theory, be able to ramp up repayments even more.
I would expect 15bn max by the end of 2025.