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Published in:
2004 | OriginalPaper | Chapter
Debt Capacity
Author : Robert Cooper
Published in: Corporate Treasury and Cash Management
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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One of the questions that a corporate treasurer is often asked is: ‘How much debt can we raise?’ This question is usually posed when the company is planning either a major expansionary capital expenditure programme or a significant acquisition. The result of either of these activities may be to push debt levels up to or beyond those levels that have hitherto been considered normal, or that the company has been used to operating with.