Over $9 Billion in debt. Not Million, it's Billion with a B. over $9 Billion in debt. Any co. with that kind of debt with such a small amount of revenue that still pays a dividend is headed in a bad direction.
won't lie $6B in revenue (and flat to shrinking) vs 9 B in debt is a wacky ratio but:
DUK = 19.6B vs 40B, ED = 12.2B v 11.1B, AEP 14.8B vs 18.4B
Utilities (and WIN is basically a utility) seem to issue endless debt because the assets are never going to become worthless so people are happy to lend them money at farily high interest rates. Evidence of this is WIN's ability to go out restructure almost $2B in debt in the past 3-4 months