Raymond targets to be a net debt-free firm in three years
Fri, Jun 24, 2022 3:28 PM

Raymond targets to be a net debt-free firm in three years

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As per the recent yearly report of Raymond Ltd, the group targets to be a net debt-free firm in three years. To achieve the aforementioned aim, the company is focused on liquidity management with cost trimming initiatives and working capital optimization. Additionally, the net debt-to-equity ratio of the fashion retailer has also reduced to 0.4 in FY22 from 0.8 in FY20.

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