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HomeStocksEast West Holdings Ltd: Debt Reduces by 24%

East West Holdings Ltd: Debt Reduces by 24%

About East West Holdings

East West Holdings Limited (EWHL) is engaged in providing a total logistic solution through its subsidiary East West Freight Carriers Limited (EWFCL), established in 1976. It has a presence in the Indian Freight Forwarding & Logistics space for more than 45 years. Backed by over 45 years of experience, the company provides superior quality services in India in the trade of Global Logistics and Freight Forwarding. The company is keeping pace with the changing times through the committed efforts of its team and by adopting technologically advanced logistics solutions.

EWFCL is affiliated with all relevant industry bodies viz. IATA, FIATA, FFFAI, ACCAL DACCATL BCBA, and FIEO. EWFCL has tie-ups with global airlines and major international shipping lines. It aims to offer the lowest price, transit time, fixed allocations, and lift capacity of carriers in each major trade lane. With an excellent and professional network of operators available round the clock, the company assures timely and cost-effective delivery of goods to the desired location. The company offers tailored solutions to meet clients’ Air Freight, FCL & LCL requirements and is also involved in the international transportation of large, heavy, high-value, or complex pieces of equipment, usually project cargo.

Overall Debt Reduction by 24%

In a recent development, the company has announced that it has repaid Rs 26 crore to the bankers, amounting to a reduction of overall debt by 24% as part of its predefined debt reduction program, wherein it targets to make the business debt-free over a period of time. This will help the company not only improve the debt-to-equity ratio but also the overall financial position of the company.

Read: Impact of Debt Reduction On Stock Returns

The stock has gained about 4.65% in the last week, while in the last three months, the stock has tumbled nearly 29%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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