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Yara International reports debt rose to $500 million in last quarter
By Devika Patel
Knoxville, Tenn., April 20 – Yara International ASA saw its debt increase to $500 million in the last quarter, management said.
“Debt increased to half a billion,” executive vice president and chief financial officer Petter Østbø said on the company’s first quarter ended March 31 earnings conference call on Friday.
Cash and cash equivalents were $568 million as of March 31, 2018, compared to $323 million as of March 31, 2017 and $544 million as of Dec. 31, 2017.
Yara International is a chemical company based in Oslo.
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