earnings projections

‘Fake EBITDA’ masks risk in debt-laden companies

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‘Fake EBITDA’ masks risk in debt-laden companies

During the days of easy money, one of the most widely tracked numbers in credit markets became an unfortunate punchline. Ebitda, which stands for earnings before interest, taxes, depreciation and amortization — a figure that’s akin to a company’s cash flow and, thus, its ability to pay its debts — was instead mocked as a … Read more

Islamic State, Defeated U.S. Foe, Still Brims With Cash, Ambition

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social

Islamic State remains flush with cash despite setbacks in the past year, holding financial reserves and a range of revenue streams that U.S. and Western security officials warn could pay for a dangerous resurgence. The extremist organization and its affiliates have assets ranging into the hundreds of millions of dollars across the Middle East and … Read more