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  "documentTitle": "Saputo Inc. (TSX:SAP)",
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  "presentationDate": "2022-11-29 00:00:00",
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      "kind": "callout",
      "text": "One thing that has grown consistently in the past 5 years at Saputo are its debt obligations, with increasing dependency on short-term unsecured bank loans.(1) Saputo is above its long-term Net Debt / Adjusted EBITDA target of 2.25x. Furthermore, each manufacturing facility and employee is indebted by approximately $57m and $222,000.",
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      "text": "One thing that has grown consistently in the past 5 years at Saputo are its debt obligations, with increasing dependency on short-term unsecured bank loans.",
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      "text": "Net Debt / Adj. EBITDA: 2.93x",
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      "kind": "quote",
      "text": "We continue to target a long-term leverage of approximately 2.25 times net debt to adjusted EBITDA. From time to time, we may deviate from our long-term leverage target to pursue strategic opportunities.",
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      "kind": "quote",
      "text": "We continue to target a long-term leverage of approximately 2.25 times net debt to adjusted EBITDA. From time to time, we may deviate from our long-term leverage target to pursue strategic opportunities. — Capital Mgmt.",
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      "text": "Source: Saputo Financial Statements and Spruce Point Analysis. Note: Leases were not applied as debt prior to 2020. 1) Foreign filings indicate these borrowings are repayable and may be terminated on demand by the banks",
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      "text": "Saputo Debt Analysis table showing years 2017-Q2 2023 across various debt metrics and credit stats.",
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      "kind": "title",
      "text": "Leverage and Short-Term Debt Dependency",
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