How Frontier Communications Plans to Lower Its Debt Levels
Frontier Communications (FTR) had a working capital deficit of $1.2 billion as of December 31, 2017, compared to a working capital deficit of $788 million in 2016. The rising working capital deficit is due to increasing debt levels over many years. At the end of 2017, Frontier’s long-term debt obligations reached $17.9 billion, and the interest cost burden was $11.1 billion.