Comment / Analysis - declining cash levels could lead Maersk on a $5bn new equity quest

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I have been thinking a lot about the cash and liquidity profile of Denmark’s AP Møller-Maersk Group (APMM) since its annual results were released earlier this month.

My findings, backed by a regression analysis from the 2018 estimates back to 2010 of its key financial metrics, leave little to the imagination and lead me to suggest that even if its core unit, Maersk Line, delivers on its promises by the end of this year there could still be trouble for equity ...