Corporate Finance

Controlling Cash is the priority of any investor. Understanding who needs to get paid ahead of the investor is key to evaluating how much leftover cash will be available for repayment. Thinking of cash as water in a useful metaphor for understanding this process.

As a junior banking analyst, trying to apply the formal education you received to real-world situations can be challenging. But just like the laws of physics, the laws of credit analysis are universal. One of those laws is the age-old adage: Cash is King.