Capital Structure Analyzer

Capital Structure

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Project Info

Project Title

Name

Roll Number

Date

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Core Parameters

EBIT 1,000 (thousands)

Base 0%

Tax Rate 17.5%

Desired Debt / Equity (D/E) 0.000

Base 0%

Unlevered Equity (V_U) 3,000 (thousands)

Base 0%

Cost of Debt (r_d) 7.0%

Base 0%

Cash Flow Inputs

Capex 0 (thousands)

Base 0%

Depreciation 0 (thousands)

Base 0%

Δ Net Working Capital 0 (thousands)

Base 0%

Bankruptcy Risk Parameters

Critical D/E (Bankruptcy Threshold) 3.0

Base 0%

Max Direct Bankruptcy Cost 5.0%

Base 0%

Max Indirect Bankruptcy Cost 30.0%

Base 0%

D/C Ratio

—

Debt to Capitalisation

Debt

—

(D/E × V_U) ÷ (1 + D/E×(1−t))

Levered Firm Value (V_L)

—

V_U + Tax Shield

Value of Equity

—

V_L − Debt

Tax Shield

—

t × Debt

Free Cash Flow

—

EBIT(1−t)−Capex+Dep−ΔNWC

FCFE

—

(EBIT−I)(1−t)−Capex+Dep−ΔNWC

Cost of Equity (r_e)

—

FCFE ÷ (V_L − Debt)

WACC

—

Pre-distress

Firm Value & WACC vs D/E Ratio