Boris's questions to BW LPG Ltd (BWLP) leadership • Q4 2024
Question
An analyst identified as Boris asked about the company's strategy for its increased debt ratio following the Avance Gas acquisition and how this would affect the future dividend payout.
Answer
CFO Samantha Xu explained that the current leverage ratio of just over 30% is considered healthy, contrasting with a previous, less efficient low of 12%. She assured that operating cash flow would be used to both gradually pay down debt and fund dividends, and that planned refinancing would not increase the leverage ratio further.