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What is Understanding Leverage and Capital Structure about?

This document discusses leverage and long-term sources of capital. It defines leverage as using fixed costs to magnify returns, which also increases risk. There are three types of leverage: operating, financial, and total. Operating leverage results from fixed operating costs and how they impact earnings before interest and taxes (EBIT) with changes in sales volume. Financial leverage refers to variability in earnings for common shareholders from using debt financing. The document also discusses measuring l

Author

Aron Hailesellasie Abraha

Language

EN