The cost of interest payments is a growing burden for US companies even as debt stabilizes as a percentage of equity. Higher interest rates have raised borrowing costs for companies, making new debt more expensive and increasing the cost of refinancing old debt. The median interest coverage ratio — calculated by dividing earnings before interest and tax by the cost of a company...
READThe healthiest US corporations are increasing their revenue-generating efficiency. The median ratio of operating expenses compared to total revenues for companies rated investment grade by S&P Global Ratings fell to 82.1% in the third quarter, down from 83.1% in the second quarter, according to the latest data from S&P Global Market Intelligence. The improving metric shows comp...
READInvestment banking executives are adding a bit more optimism to their outlooks for M&A, which has been mired in a slump for over a year. In the third quarter, the number of global M&A announcements dropped below 10,000 for the first time since the pandemic, and the number of deals in the US fell 31% year over year to 3,175 — a faster decline than in the first two quarters of th...
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