Cash Flow 3.0: Advances in Cash Flow Lending based on Sustainable Cycles
| Author | : | |
| Rating | : | 4.69 (580 Votes) |
| Asin | : | 149107759X |
| Format Type | : | paperback |
| Number of Pages | : | 176 Pages |
| Publish Date | : | 2013-11-14 |
| Language | : | English |
DESCRIPTION:
About the Author Stephen Bartoletti, MBA U.C. Berkeley, Senior Banking Advisor, is a 30+ year veteran: half as a commercial banker in California, the other half supervising financial institutions in emerging markets that accessed credit lines granted by the World Bank & European Bank for Reconstruction & Development for on-lending to Small and Medium Enterprises (SMEs). sme-lending
Daniel Kreps said An Important Tool for Expanding Credit to Small and Medium Enterprises. Cash Flow An Important Tool for Expanding Credit to Small and Medium Enterprises Cash Flow 3.0 is a very readable, highly intuitive approach to analyzing the risks of lending to small and medium sized businesses. Drawing on his extensive experience, Stephen Bartoletti provides a very practical guide that is useful to experienced lenders as well as those just cutting their teeth in small business lending. Given the importance of the SME market to both developed and developing economies, Cash Flow 3.0 should be required reading bankers and social im. .0 is a very readable, highly intuitive approach to analyzing the risks of lending to small and medium sized businesses. Drawing on his extensive experience, Stephen Bartoletti provides a very practical guide that is useful to experienced lenders as well as those just cutting their teeth in small business lending. Given the importance of the SME market to both developed and developing economies, Cash Flow An Important Tool for Expanding Credit to Small and Medium Enterprises Cash Flow 3.0 is a very readable, highly intuitive approach to analyzing the risks of lending to small and medium sized businesses. Drawing on his extensive experience, Stephen Bartoletti provides a very practical guide that is useful to experienced lenders as well as those just cutting their teeth in small business lending. Given the importance of the SME market to both developed and developing economies, Cash Flow 3.0 should be required reading bankers and social im. .0 should be required reading bankers and social im. Thought-provoking book on credit analysis with particularly good and non-standard approach to liquidity analysis I really enjoyed reading this book, appreciating author's fresh and non-standard approach to credit analysis, particularly with regard to liquidity incl. working capital analysis. Mr. Bartoletti described in his book what I had also noticed in my analyses (being myself a corporate credit analyst) and which is hardly found in the majority of books on financial analysis or credit analysis - how to deal with the "current portion of long term debt" (CPLTD) while analyzing. "Must read for the financial institutions" according to Vedrana Perkovic-Hadl. Excellent and a very practical book. Should become a must read to the lenders as well as a regular tool in the credit assessment of SMEs. This discovery needs next level - practice!
In contrast, “hybrid ratios” like the traditional long-term debt service coverage ratio (DSCR) and the flawed current ratio include cash that flows from other cycles. Yet AT&T pays it trade creditors every year and is rewarded with top credit ratings. Bold statement? Consider this: Traditional analysis says that AT&T is illiquid because it reports a multi-billion dollar negative working capital. The flaw was first made public in April 2012 in the Journal of Accountancy: there is an account missing from the balance sheet! The missing account—the Current Portion of Fixed Assets (CPFA)—is one of severa
sme-lending . Stephen Bartoletti, MBA U.C. Berkeley, Senior Banking Advisor, is a 30+ year veteran: half as a commercial banker in California, the other half supervising financial institutions in emerging markets that accessed credit lines granted by the World Bank & European Bank for Reconstruction & Development for o