Boral new brigade wipes slate clean, focus on balance sheet – The Australian Financial Review

Now that Boral’s out with a $1.22 billion writedown and firm full-year guidance, analysts have turned to the company’s balance sheet.
Building materials giant Boral has unveiled a $1.35 billion writedown on the eve of its full year results. Bloomberg
The writedowns, announced on Monday morning, would see Boral’s gross debt gearing covenant increase to 42 per cent from 36 per cent, on Citi’s numbers.
While gearing is still well below the 60 per cent covenant level, and as Boral pointed out on …

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