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A short current events piece drawing on reporting from Matt Levine at Bloomberg. We break down the ramifications of rising rates for highly levered companies (companies with a lot of debt relative to their EBITDA). This is a concrete example of how understanding the impact of debt on profitability is an important concept for young analysts.
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1414 ratings
A short current events piece drawing on reporting from Matt Levine at Bloomberg. We break down the ramifications of rising rates for highly levered companies (companies with a lot of debt relative to their EBITDA). This is a concrete example of how understanding the impact of debt on profitability is an important concept for young analysts.
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