Isn T: Earnings Presentation and Controls World

isn t: Soft Bank's loan-to-value ratio, its net interest-bearing debt over the value of its investment portfolio, is less than 20 percent, according to separate calculations by Daiwa Securities Group Inc. and SMBC Nikko Securities Inc, according to The Japan Times. The company's own goal is to keep it under 35 percent, a level that Daiwa considers conservative. ; Soft Bank, which controls the world's biggest investment vehicle in the almost 100 billion Vision Fund, has been suggesting so-called LTV as a better measure of its leverage since at least mid-2017, when it was included in an earnings presentation. And by that gauge, they say, its massive debt pile looks manageable. That isn't to say concern about the company's debt has disappeared. But the metric has taken on more importance since the initial public offering of Soft Bank Corp. finally scythed the telecom business off from the holding company. The major global credit assessors rate the group at junk, and its bond risk is among the highest for Japanese borrowers. (news.financializer.com). As reported in the news.