With so much discussion about the maturity of the current bull market, it would be easy to assume that corporate balance sheets have fallen into the same state of disrepair we saw before the GFC. Troy Angus, Head of Large Caps at Paradice Investment Management, had only recently launched his fund in 2007, and told us the risks were obvious at the time. But are the same risks present today?
“Broadly, balance sheets are in much better shape. Funding markets are still open for the majority of corporates in Australia, and there are certainly no liquidity or credit concerns of note at the moment.”
But it might not be all rosy on the horizon. In this video, Troy discusses some of the potential future risks, and some of the big decisions boardrooms face today.
