ABSTRACT
The financial structure of an enterprise – especially the ‘gearing’ of equity with debt – is a potent factor determining the yield earned for its shareholders as well as the risk borne by its funders in general. For bankers and raters the design of the proposed financial structure, that is, the reasoned balancing of yield against risk, will be considered a key measure of your managerial competence. This chapter guides you in presenting an optimised financial structure in your plan.
