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1Q15 Earnings Presentation - Level 3 Communications, Inc.
1Q15 Earnings Presentation - Level 3 Communications, Inc.

... Net Debt to Last Twelve Months (LTM) Adjusted EBITDA Ratio is defined as debt, reduced by cash and cash equivalents and divided by LTM Adjusted EBITDA Pro Forma to include tw telecom results excluding acquisition-related expenses. Unlevered Cash Flow is defined as net cash provided by (used in) oper ...
Alere Inc. Declares Cash Dividend on its Series
Alere Inc. Declares Cash Dividend on its Series

... WALTHAM, Mass., June 1, 2015 – Alere Inc. (NYSE: ALR), a global leader in rapid diagnostics, today has declared a cash dividend of $3.00 per share on its Series B Convertible Perpetual Preferred Stock (NYSE: ALR.PR.B). The dividend is payable on July 15, 2015 to holders of record of Series B stock a ...
Online Chapter 15 LEASE FINANCING AND BUSINESS VALUATION
Online Chapter 15 LEASE FINANCING AND BUSINESS VALUATION

... This realized benefit, in turn, can be shared with the lessee in the form of lower rental payments. Note, however, that the cost of tax-exempt debt to notfor-profit firms can be lower than the after-tax cost of debt to taxable firms, so leasing is not automatically less costly to not-for-profit firm ...
Document
Document

M - About TELUS
M - About TELUS

... Free Cash Flow (per current public guidance methodology) Purchase of shares for cancellation (NCIB) Dividends (Q2-08 dividend remitted June 30, 2008) Acquisitions (includes proceeds from sale of property and other assets for Q3’08) ...
Corporate Finance (Book 1)
Corporate Finance (Book 1)

Project finance: Transactional evidence from Australia
Project finance: Transactional evidence from Australia

... the track record and experience of contractors. When projects are financed with the issue of bonds, these may be sought to determine borrowing costs and significant differences exist between the cost of debt for investment grade transactions and those that are unrated or rated sub-investment grade ( ...
Center for Economic Policy Analysis A Minskian Analysis of
Center for Economic Policy Analysis A Minskian Analysis of

... gradually change their portfolios in such a way that the time series of future cash flows generated by assets become increasingly destined to fulfill the time series of debt service payments generated by liabilities. (A tranquil period is a period in which the economy expands with only minor recess ...
productivity improvements, investment and the rate of
productivity improvements, investment and the rate of

... Unfortunately, the real exchange rate of an economy responds to many different forces so one cannot say for sure that one particular causal chain will dominate at any given moment. For example, all observers of the Russian economy have noted that for a number of years there has been a steady outflow ...
self-study questions
self-study questions

... Response A: Consistency, or the use of the same accounting principles from period to period by the same firm, helps make accounting information more useful, but it is not the primary criterion by which accounting information is judged. Response B: Predictive value, or the ability of information to h ...
cash flow statement
cash flow statement

... • Or the liabilities of the business may have decreased ,i.e more cash has been spent this year in paying off suppliers than was the case last year. • A cash flow statement is needed because of the differences between profits and cash. It achieves the following: ---Provides additional information o ...
Full Text ( Final Version , 132kb )
Full Text ( Final Version , 132kb )

... presented what is nowadays often referred to as M&M’s proposition I, also known as ‘The Irrelevance Proposition’, which is considered to be the first real theory on capital structure. M&M stated that the value of a leveraged firm is equal to the value of an unleveraged firm (Modigliani & Miller, 195 ...
Q3 2014 Fact Sheet
Q3 2014 Fact Sheet

I_Ch05
I_Ch05

Net Profit Ratio
Net Profit Ratio

... *Share Capital, Reserves & Surplus & Long Term Loans • Proprietary or Net Worth Ratio = Shareholders Net Worth* Total Assets** *(Equity Share Capital + Preference Share Capital + Reserves & Surplus) – (Accumulated losses or Fictitious Assets like preliminary expenses, discount on issue of shares, de ...
econstor
econstor

... Our theoretical results on pro-cyclical leverage ratios explain recent empirical findings by Korteweg (2010) who assesses a significant positive difference in optimal leverage ratios over the business cycle. Our findings are also in line with Covas and Den Haan (2010) who come to the result of pro- ...
FINANCIAL RATIOS – REVEAL HOW A BUSINESS IS DOING?
FINANCIAL RATIOS – REVEAL HOW A BUSINESS IS DOING?

... Return on Equity measures the rate of return on the ownership investments. It measure company’s efficiency at generating profits from each monetary unit or net assets, being one of the most financial ratio, showing how well a company uses investments to generate earnings growth. It is an important r ...
Performance Evaluation
Performance Evaluation

... The initial value is compounded forward at the interest rate R because P0 is a "time-zero" value. The rest of the cash flows is split into two: half is modeled as being paid at the beginning (and thus needs to be compounded forward at the rate R), while the other half is modeled as being paid at the ...
Performance Evaluation
Performance Evaluation

... The initial value is compounded forward at the interest rate R because P0 is a "time-zero" value. The rest of the cash flows is split into two: half is modeled as being paid at the beginning (and thus needs to be compounded forward at the rate R), while the other half is modeled as being paid at the ...
Course 4: Managing Cash Flow
Course 4: Managing Cash Flow

The WACC Fallacy
The WACC Fallacy

Foreign debt and capital accumulátion
Foreign debt and capital accumulátion

Palani 2 - Welcome to Bharathidasan University Central Library
Palani 2 - Welcome to Bharathidasan University Central Library

Valuation: Introduction
Valuation: Introduction

... Discount rate and Cash flow assumptions ...
Managerial Economics - e
Managerial Economics - e

< 1 ... 51 52 53 54 55 56 57 58 59 ... 114 >

Corporate finance

Corporate finance is the area of finance dealing with the sources of funding and the capital structure of corporations and the actions that managers take to increase the value of the firm to the shareholders, as well as the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to maximize or increase shareholder value. Although it is in principle different from managerial finance which studies the financial management of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.Investment analysis (or capital budgeting) is concerned with the setting of criteria about which value-adding projects should receive investment funding, and whether to finance that investment with equity or debt capital. Working capital management is the management of the company's monetary funds that deal with the short-term operating balance of current assets and current liabilities; the focus here is on managing cash, inventories, and short-term borrowing and lending (such as the terms on credit extended to customers).The terms corporate finance and corporate financier are also associated with investment banking. The typical role of an investment bank is to evaluate the company's financial needs and raise the appropriate type of capital that best fits those needs. Thus, the terms ""corporate finance"" and ""corporate financier"" may be associated with transactions in which capital is raised in order to create, develop, grow or acquire businesses. Recent legal and regulatory developments in the U.S. will likely alter the makeup of the group of arrangers and financiers willing to arrange and provide financing for certain highly leveraged transactions.Financial management overlaps with the financial function of the Accounting profession. However, financial accounting is the reporting of historical financial information, while financial management is concerned with the allocation of capital resources to increase a firm's value to the shareholders.
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