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. 

Really?........................

FACT CHECK TIME

 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 Coverage:  1.0

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.  



Posted by at

6 comments:

  1. Anonymous1 March 2013 at 21:50

    Wonderful blog! I found it while browsing
    on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News?

    I've been trying for a while but I never seem to get there! Cheers

    Also visit my blog How To Get Free Money

    ReplyDelete
  2. Anonymous2 March 2013 at 02:11

    My brother suggested I would possibly like this website.

    He used to be totally right. This publish truly made my
    day. You cann't believe simply how so much time I had spent for this info! Thank you!

    Here is my weblog; how to get free money Fast
    My web page - ways to get free money

    ReplyDelete
  3. Anonymous3 March 2013 at 12:09

    What's up Dear, are you actually visiting this site daily, if so afterward you will definitely take good know-how.

    Feel free to visit my webpage; where to get free money
    My web page - where to earn money

    ReplyDelete
  4. Anonymous4 March 2013 at 03:04

    Thanks in favor of sharing such a nice thinking, piece of writing is pleasant, thats why i
    have read it fully

    my webpage ... Make Money Online For Free

    ReplyDelete
  5. Anonymous6 March 2013 at 14:54

    Hey there! I know this is kind of off topic but I was wondering if you knew where I could get a captcha plugin
    for my comment form? I'm using the same blog platform as yours and I'm having problems finding one?
    Thanks a lot!

    Stop by my web blog :: i need money for free

    ReplyDelete
  6. Anonymous7 March 2013 at 04:41

    When someone writes an article he/she maintains the idea of a user in his/her brain that how a user can know it.
    Therefore that's why this post is amazing. Thanks!

    Also visit my weblog ... work from home jobs in dallas

    ReplyDelete

Subscribe to: Post Comments (Atom)