{"id":1504,"date":"2016-03-25T02:30:15","date_gmt":"2016-03-25T02:30:15","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1504"},"modified":"2016-02-21T17:32:02","modified_gmt":"2016-02-21T17:32:02","slug":"glencore-plc","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1504","title":{"rendered":"Glencore PLC"},"content":{"rendered":"<p>Glencore is a member of the FTSE-100. It has 160,000 employees and contractors in over 50 countries. It produces and trades more than 90 commodities derived from natural resources<\/p>\n<p><a href=\"http:\/\/www.glencore.com\/\" target=\"_blank\">http:\/\/www.glencore.com\/<\/a><\/p>\n<p>It the world of commodity prices slumping, the company is carrying a mountain of debt<\/p>\n<p><a href=\"http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=2558517\" target=\"_blank\">http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=2558517<\/a><\/p>\n<p>it is exceptionally exposed to the falling price of commodities.<\/p>\n<p><a href=\"http:\/\/www.glencore.com\/assets\/investors\/doc\/debt-investor\/GLEN-2015-Glencore-plc-update-and-details-of-funding-structure-6Oct2015.pdf\" target=\"_blank\">http:\/\/www.glencore.com\/assets\/investors\/doc\/debt-investor\/GLEN-2015-Glencore-plc-update-and-details-of-funding-structure-6Oct2015.pdf<\/a><\/p>\n<p>It has to issue a press release to explain its position<\/p>\n<p>Long-term debt of<strong> $31.1 Billion<\/strong> with <strong>$5.4 Billion<\/strong> maturing within 12months. [$31.1 Billion = <strong>\u00a321.59 Billion<\/strong>,\u00a0 $5.4 Billion = <strong>\u00a33.78 Billion<\/strong>]<\/p>\n<p>That is the problem of carrying such large amounts of debt. When times are good, maintaining debt repayments is trivial. But when market conditions worsen, them the situation is very different.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glencore is a member of the FTSE-100. It has 160,000 employees and contractors in over 50 countries. It produces and trades more than 90 commodities derived from natural resources http:\/\/www.glencore.com\/ It the world of commodity prices slumping, the company is carrying a mountain of debt http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=2558517 it is exceptionally exposed to the falling price of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1504","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1504"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1504\/revisions"}],"predecessor-version":[{"id":1505,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1504\/revisions\/1505"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}