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I can explain Levered Free Cash Flow
Cash left for equity owners after operating costs, capex, and debt obligations.
Levered free cash flow is cash remaining after operating expenses, capital expenditures, and debt-related cash flows (interest and principal) - what equity holders can actually receive.
Sticky trick
Levered FCF = Free cash flow − debt cash flows. Lower than unlevered when the business carries loans.
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In plain English, what is Levered Free Cash Flow?
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