easy · Corporate Credit Analysis fsa

Which statement best summarizes the 'Unlevered' nature of FCFF?

  1. It means the company currently carries absolutely no liabilities on its entire balance sheet.
  2. It means the firm is legally forbidden from ever taking out any loans of any kind from banks or lenders.
  3. It refers specifically to a stream of cash flow that has not yet been taxed at all by any level of government.
  4. It views the company as if it were financed entirely with equity, removing the noise of debt and interest.

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