We have argued for quite a while that CNHI needs to pay attention to cash generation or it will need a sizeable share issue. In fact, cash from operations (based on management’s definition) was a negative $708m in 9M19 compared to a positive $164m last year. As a result, net debt increased by $1.5bn to more than $20bn since the beginning of this year.
06 Nov 2019
Revenue and profits almost in line, cash from operations very poor indeed
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Revenue and profits almost in line, cash from operations very poor indeed
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
06 Nov 2019 -
Author:
Hans-Peter Wodniok -
Pages:
3
We have argued for quite a while that CNHI needs to pay attention to cash generation or it will need a sizeable share issue. In fact, cash from operations (based on management’s definition) was a negative $708m in 9M19 compared to a positive $164m last year. As a result, net debt increased by $1.5bn to more than $20bn since the beginning of this year.