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WW International has 6.7x debt ratio, expects it to rise further
By Devika Patel
Knoxville, Tenn., May 8 – WW International Inc. saw its net debt to adjusted EBITDA leverage ratio increase to 6.7x at the end of the last quarter, from 6x at the end of the previous quarter, and management expects this number to continue increasing as EBITDA is expected to decrease throughout this year.
“At quarter end, our net debt to adjusted EBITDA leverage ratio was 6.7x, up from 6x at the end of 2022,” chief financial officer Heather Stark said on the company’s first quarter ended April 1 earnings conference call on May 4.
“We expect our trailing 12-month leverage ratio to further increase in 2023 due to lower EBITDA levels through most of the year,” she said.
Cash and cash equivalents were $140,847,000 as of April 1, 2023, compared to $178,326,000 as of Dec. 31, 2022.
Net long-term debt was $1,423,329,000 as of April 1, 2023, compared to $1,422,284,000 as of Dec. 31, 2022.
WW International is a New York-based provider of weight management services.
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