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Tag: Debt

Financial snapshot: university’s net income, net assets increase despite pandemic recession

Outstanding debt drops below $1 billion, $984 million in maintenance costs projected

U of T forecasts $391 million in annual net income, according to new CFO report

Debt expected to rise above $1 billion due to capital projects

U of T’s debt remains at $1 billion

Numbers reported to Business Board show $11 million increase since July 2015

U of T financial reports show decrease in endowments, income

University’s credit rating stronger than Province of Ontario’s

U of T forecasts net income of $138.2 million, $70.1 million deficit

Actual outstanding debt $1 billion, credit rating remains investment grade