The numbers look quite concerning for the TUI group.....
The group has received over €5bn in financial aid so far.
It’s net debt is currently standing over €7bn, putting the firm on a high net debt to earnings ratio of six times. Generally, three times is considered sustainable !
A sizeable amount of this debt will need to be repaid by July ‘22.
As of March, the group has liquidity of around €1.6bn with a monthly cash burn between €250m-€300m.
We all need to get summer 2021 up and running ASAP !