High debt an uncharacteristic feature of Ryman's latest results

Wed, 25 Nov 2020

One of the biggest financial impacts on Ryman Healthcare of the coronavirus crisis has been the steep growth in debt.The crisis hit when the company's debt had already been rising as a result of Ryman ramping up its building programme.As chief executive Gordon MacLeod noted last week, the company is currently building on 12 sites, up from four two years ago.The increased debt is raising questions from analysts about its sustainability, probably the first time since it listed in 1999 anyone has questioned the company's ability to efficie...

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