This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.
5/9/2024
Conference Call Moderator
Host/Operator
ROE in line with many of would be more susceptible to a broader economic slowdown.
Michael Reisner
CEO
Our borrowers remain fundamentally healthy with stable EBITDA trends and a weighted average interest coverage ratio of 1.98 times and weighted average leverage of 4.98 times. We remain conservatively levered on a net basis at 1.03 times, down from 1.1 times in the previous quarter, and we have ample liquidity on hand to take advantage of new investment opportunities. We remained active repurchasers of our common stock during the quarter, buying back about 424,000 shares at an average price of about $11 per share.
Conference Call Moderator
Host/Operator
For a total repurchase, we believe our stock remains deeply undervalued.
You're reading a preview of the CION Q1 2024 earnings call.
Free account.
Disclaimer