Pumpkin Patch sees lift in below-average financial ratios after review, won’t seek more capital

Wed, 04 Jun 2014

By Tina Morrison June 5 (BusinessDesk) - Pumpkin Patch, which slashed its full-year earnings forecast by as much as 88 percent last month, said a strategic review will lead to an improvement in below-average financial ratios and the children's clothing retailer won’t need to seek more capital. The Auckland-based company’s fixed charge cover ratio (FCCR), which measures its ability to pay fixed costs such as building leases and bank interest out of earnings, may fall to 1 times in 2014, given the slump in earnings, from 1.2 times in 2013,...

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