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A snapshot of the summary - Fundamentals of Corporate Finance
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2 Introduction to Financial Statement Analysis
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2.4 The Income Statement
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How do you calculate the Leverage Ratio? (also Interest coverage ratio (TIE))Operating Income devided by Interest Expense
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5 Interest Rates
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5.1 Interest Rate Quotes and Adjustments
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When you buy a car with borrowed money, of what is the interest the price?The price to be able to convert money paid in the future to a car right now
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Why is it important to convert interest rates to the same time unit before comparison?Because you cannot compare a daily interest rate with a yearly interest rate
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What is a different name for the effective anual rate?The annual percentage yield
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What is the effective annual rate?The effective interest paid in a year time unit
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How do you calculate the equivalent interet rate at a different period length? E.g. EAR of r to monthly, or 5 yearly?(1+r)^n - 1
So for monthly n=1/12
For 5 yearly n=5 -
What does the annual percentage rate do with compounding?It doesn't take it into account
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What is the actual effective interest rate of a 6% APR compounded monthly?6/12 = 0.5 monthly interest
1.005^12 - 1 = 6.17% after 12 month -
Can the APR be used as a discount rate?No, you have to take compounding into account
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5.2 Application: Discount Rates and Loans
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What is a amortizing loan?A loan with equal payments that comprise interest and paying back part of the loan
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The following topics are covered in this summary
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loan, future, rate
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interest, rate, relationship
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bond, rate, payment
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voting, stock, cumulative
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irr, projects, flows
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incremental, earnings, tax
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cash, depreciation, flows
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value, asset, project
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break-even, ebit, analysis
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option, decision, delayoption
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firms, earnings, eps1
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risk, independent, returns
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risk, stocks, measured
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portfolio, market, ri
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market, beta, return
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firm, debt, wacc
