|
|
григорович кхп автоперевозки / в республики СНГ
Our balance sheet continues to afford us significant financial strength and flexibility. At September 30, 2005, we had $6.3 million in cash and cash equivalents, $7.4 million in balance sheet borrowing and capitalized leases, and $103.7 million in stockholders' equity, for a ratio of net debt-to-total capitalization of 1.0%. During 2006, we intend to maintain the average age of our tractor fleet to afford us flexibility in addressing possible cost, and fuel mileage, and reliability issues involving tractor engines designed to comply with stricter emissions requirements in 2007.
In summary, we are pleased with our performance in the September 2005 quarter, and, based on demand levels, fuel surcharge recovery and rate improvement we've experienced so far in October, we believe we will be able to continue to execute on our strategic plan and produce positive results going forward."
|
|