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| I love the theatre http://fittor.fun/cartoongonzo/ ayena sezaki Utility companies have high debt levels because they can borrow at low rates against assets such as reservoirs and filtration plants that deliver predictable revenue. United Utilities is no exception. The company expects net debt at the half-year to be above the year ended March 2013 figure of 짙5.45bn, almost three times shareholders’ equity of 짙1.87bn. When the regulator last set the levels for allowed returns for 2010, it underestimated how low borrowing costs would fall, meaning they have made far more than expected. |
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