Thursday, 28 February 2013

Bankia in deep trouble

Hey guys.
Remember in May 2008 when all the CEO's came out publicly and stated that everything was fine.   Then a few months after Lehman went bust.  I see the same thing happening in Spain.

After taking a huge loss of 19.2B Euros Bankia CEO stated they are completely liquid and solvent and they are the only bank that can pay back their rescue funds



 Leverage: Has a leverage ratio of 25-to-1.  Is this bad? Lehman was 30-to-1 when it collapsed.  (note these are using 2011 numbers. I will update this when they publish 2012 financials.)

Interest Coverage1.0

The lower the ratio, the more the company is burdened by debt expense. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.  


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