McLaren are "skilled, solid, debt-free and risk-managed", according to the group principal, Dennis, and a £67m pre-tax profit in 2010 ensured they popped more champagne corks in the boardroom than on the podium.
Page B1 REASSURANCE AT AUCTIONS Solid government debt auctions in Italy and Spain indicated that efforts by the European Central Bank to avoid a regional credit freeze were continuing to show at least short-term benefits.
BERLIN — Solid government debt auctions in Italy and Spain on Thursday indicated that efforts by the European Central Bank to avoid a regional credit freeze were continuing to show at least short-term benefits.
The public finances may be solid (public debt is around 40% of GDP), but the government has been slow to make reforms such as trimming a high minimum wage, reducing the size of the unregistered economy and increasing competition to reduce energy and other costs.
But if our bankers over there in Asia begin to believe that we're not going to be solid on our debt, that we're not going to be able to meet our obligations, just stop and think for a minute what happens if they just stop buying our debt.
It may be two years, you know, maybe a little less, maybe a little more, but if our bankers over there in Asia begin to believe that we're not going to be solid on our debt, that we're not going to be able to meet our obligations, just stop and think for a minute what happens if they just stop buying our debt.
Besides the strong earnings and revenue growth, the company's balance sheet is solid, with no debt and $26.6 million in cash and equivalents.
Standard & Poor's: –"Strong financial resources for the rating category, with 2008 unrestricted resources equal to 363.5% of operating expenses and 278.9% of pro-forma debt;" –"Solid niche as a selective, liberal arts college for women, with comprehensive academic programs and strong student quality;" –"High per-student endowment at June 30 , 2008 of $349,349".
These companies are all cheap (current price to sales less than their five year averages and a price-to-earnings to growth ratio PEG of less than one), profitable, produce cash, sport solid balance sheets (debt to equity less than 50%) and are well-positioned for the long haul.
