15-10-2012, 04:55 PM
(15-10-2012, 04:19 PM)freedom Wrote: if you compare apple to orange, there is never going to be a conclusion.
also, from your above point, I don't see how DEBT/EBITDA is really relevant, more like only FCF is relevant.
that's why I stress before everything else being equal. otherwise, how to conclude?
I chose debt/ebitda as proxy of FCF, since it is readily available in AR. It is definitely better than debt/equity which is also readily available from various reports.
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