Reply to post: " and the reduction in leverage is significant"

Capita flogs Asset Services division for £888m

John Smith 19 Gold badge
Unhappy

" and the reduction in leverage is significant"

"Leverage" is roughly the amount of cash a company has borrowed versus its' earnings to cover paying the load payments.

The major reasons for high leverage are a) Big capital investment EG Buying a really big press b) Taking over a big company.

So what did Crapita p**t the money away on exactly? They are mostly a people business.

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