To have a massive debt load is frowned upon and reduces the attractiveness of a company on the stock market. For this reason, Ibex companies have proposed to clean up their accounts throughout the upcoming year by paying off 12.5 billion euros in debt. This equals around 6.63 of the total debt burden on that index.
It?s not a great time for buying, and the biggest companies on the Ibex are attempting to avoid stresses and cut down on some of their financial obligations. Ferrovial leads the pack in paying down its debts since June of 2011, because the company sold off positions in a United Kingdom airport deal.
Telefónica, who has the most debt right now, is also cashing out on several positions. The best companies are learning how to put to use the lessons they learned during the crisis.
