SN
In my opinion Virgin has been poorly managed from a financial perspective. The rot started when it expanded quickly and transformed from a basic LLC to a FSC using excessive debt. There should have been a number of capital raising's as the business expanded.
Debt/Equity Ratio is 271% (QF is 161%)
Net interest cover is 0.47 (QF is 4.61)
Net interest cover below 1 is cause for concern.
