If incomes do not grow to meet the need to finance incremental debts incurred, you set up a debt financing crisis. (alephblog.com)
I'll add gross cash, plus 50 % of a company's incremental debt capacity, to my P / S multiple. (wexboy.wordpress.com)
EUR 193 million of incremental debt would increase that ratio to 15 % — as usual, let's utilize just 50 % of that figure in our valuation, plus we can throw in C&C's entire cash pile. (wexboy.wordpress.com)