Barry Ritholtz

MAY 9, 2023

But I would say generally, there’s less leverage in the system. But I don’t think this is a wholesale shift, we’re in a higher rate environment, obviously, for now. So you’ve got to be really mindful that you’re getting paid enough on a nominal return basis versus the risk-free rate.

Investments 119

Investments Banking Advertising Numbers 119

CFO News Room

NOVEMBER 8, 2022

You do the math and you’re like, “Okay, well, an advisor can handle about 100 clients, an associate advisor can help with some of those clients, you can leverage maybe an associate advisor with a couple of advisors, but there’s a capacity limit for each of the roles.” And then we have the 0% cap.

Restructuring 130

Restructuring Planning Marketing Accounting 130

CFO News Room

JANUARY 7, 2023

When valuing or analyzing a company, I find myself looking for and using macro data (risk premiums, default spreads, tax rates) and industry-level data on profitability, risk and leverage. will become dated as the year goes on, and especially so if the market moves up or down significantly.

Marketing 130

Marketing Valuation Corporate Finance Financial Analysis 130

Musings on Markets

JANUARY 6, 2023

When valuing or analyzing a company, I find myself looking for and using macro data (risk premiums, default spreads, tax rates) and industry-level data on profitability, risk and leverage. Per-employee Statistics Profitability Financial Leverage Reinvestment 1. EV/EBIT and EV/EBITDA 4. High-Low Price Risk Measure 5.

Valuation 52

Valuation Corporate Finance Financial Analysis Leverage 52

Musings on Markets

FEBRUARY 27, 2023

In fact, that may explain why firms that trade at low EV to EBITDA multiples are more likely to become targets in leveraged buyouts (LBOs) or leveraged recapitalizations. Business risk : Not surprisingly, for any given level of cash flows and marginal tax rate, riskier firms will be capable of carrying less debt than safer firms.

Corporate Finance 52

Corporate Finance Finance Marketing Banking 52

Barry Ritholtz

NOVEMBER 8, 2022

Railways were this revolutionary technology that was going to change the world, going to change civilization, the speed with which people — roughly at the same time, remember Mary Meeker of Morgan Stanley — RITHOLTZ: Sure. And to make things more interesting, they use leverage too. CHANCELLOR: Exactly.

Valuation 59

Valuation Finance Investments Banking 59

Musings on Markets

FEBRUARY 23, 2025

The cost of debt is lower than the cost of equity : If you review my sixth data update on hurdle rates , and go through my cost of capital calculation, there is one inescapable conclusion. Breaking down the remaining sectors, real estate and utilities are the heaviest users of debt, and technology and health care the lightest.

Hurdle Rate 75

Hurdle Rate Marketing Investments IFRS 75

Barry Ritholtz

NOVEMBER 25, 2024

You learn the technology. They did poorly while the money rolled into the big cap growth and, and technology media and telecom exploded. So you’ve got, you’ve got a modeling hurdle rate that you need to figure out when you’re adding diversifiers. This is implicitly leverage.

Leverage 59

Leverage Investments Marketing Math 59

Barry Ritholtz

DECEMBER 26, 2023

00:26:19 [Speaker Changed] It, it’s, it’s usually it is aggressive shorts from leveraged funds on s and p futures. Technology, you know, the sector itself, the technology still has a stronger relative chart pattern. And technology. You can see it also in futures positioning. And nothing is different.

Marketing 64

Marketing Leadership Finance Investments 64