The improvement in the metric indicates that Centurion is better levered or geared despite the current bleak economic outlook.
Dormitory operator Centurion Corporation, looks “stable so far”, PhillipCapital analyst Timothy Ang notes in a non-rated August 18 report.
His comments follow the company’s stable gearing ratio – the measure of its financial leverage – of 54.1% in 1H2020, compared to 54.5% it was at in 4Q19 ended December.
