RE: Averaging Down4 Feb 2023 16:36
"The National Express (LON: NEX) share price has been in a bearish pattern for well over the last year. In the 12 months to January 23, National Express shares plunged over 44%. Rising interest rates have brought National Express Group’s debt position increasingly into focus. Its last reported balance sheet showed liabilities of £1.18bn due within the next year and a further £1.63bn due beyond the next 12 months. Its total liabilities outweigh its cash and short-term receivables by almost £2bn."
This is what I read.