2024-02-13 08:33:49 ET
Summary
- NCR Atleos was required to make a ~$3 billion payment to NCR Voyix on 16 October 2023 in accordance with the spin-off arrangements.
- The effect of this payment has been to significantly weaken the NCR Atleos balance sheet compared to the position at September 30 as reported in Q3 2023 10-Q filing.
- Since September 30, NCR Atleos debt has increased substantially and debt to equity ratio has changed from ~69% to an estimated 600%, i.e., debt is ~six times equity.
NCR Atleos: Investment Thesis
Read the full article on Seeking Alpha
For further details see:
NCR Atleos: Burdened With Debt And Shares Expensive - Sell