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Once having a negative FCF one can bridge this gap by taking a loan .

The value of the loan is not FCF itself as it should account for the loan interest  and tax on interest as in the formula below:

(1) \mbox{Loan} =\frac{\mbox{FCF} }{ 1+ r_f  \cdot (1 - r_{tax}) }

where

Free Cash Flow

r_f

Financing Rate

r_{tax}

Corporate Tax Rate





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