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Exact(10)
"We were not leveraged, we're not highly leveraged now," he said.
At the same time, farms over all were not highly leveraged, putting them in a better position to withstand the economic storm.
For 2001, Cox Communications -- the cable business -- had cash flow of $1.6 billion, and analysts say its debt-to-cash-flow ratio is about 4. That's not highly leveraged for a cable company; still, a large acquisition would likely saddle Cox with enough debt to reduce its debt rating from triple-B, the lowest investment grade.
But broadly speaking, in the 1980s, when debt was plentiful and target companies were not highly leveraged in the first place, private-equity firms concentrated more on finding undervalued assets, selling off the pieces and greatly boosting their yield with leverage.
"Porsche and VW together are not highly leveraged," said Daniel Schwarz, an automotive analyst at Commerzbank in Frankfurt.
Yet there are only a relatively small number of properties that are not highly leveraged and in a position to borrow funds.
Similar(44)
CLOUGH -- Not only was it a question of overvaluation, but the corporate sector has left itself very highly leveraged, the consumer sector has left itself very highly leveraged.
We have never had a more highly leveraged household sector and we have never had a more highly leveraged housing sector than we have today".
"Only potential survivor, the fabulous Fab," he continued, not so humbly referring to himself, "standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications".
Earnings for the market as a whole are expected to be flat this year – not bad considering some big hits being taken by firms that had borrowed dollars or are highly leveraged.
It is highly leveraged.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com