January 2017 Data Update 8: The Dark and Light Sides of Debt

There is no aspect of corporate finance where morality plays a bigger role than  the decision of how much to borrow. That should come as no ...

January 2016 Data Update 6: Debt, the double edged sword!

In corporate finance, the decision on whether to borrow money, and if so, how much has divided both practitioners and theorists for as long ...

Cash, Debt and PE Ratios: Cash is an upper and debt is a downer!

In my last post, I looked at the leavening effect that large cash balances have on PE ratios, especially in a low-interest rate environment....