I have been reviewing my numbers of WND and find the list of debt obligations daunting because it is large ($322+ million at the end of Q2). That is almost $1.8 million per MW of generating capacity in debt.
While I know that some of the debt relates to other projects, I am wondering if any of you actually have the number that is for projects under development, as opposed to corporate-level and project debt.
Given the number of shares of WND outstanding and the debt reduced by escrowed money and cash at the end of Q2, I am getting $4.59 cents of debt per share. That is what the numbers say but it looks high enough to wonder whether I have missed something significant.
Does anyone have a different number they'd be kind enough to share?
Thanks in advance.