DRUG WHOLESALERS ARE DECREASING DEBT BORROWINGS, NWDA FINDS
This article was originally published in The Tan Sheet
DRUG WHOLESALERS ARE DECREASING DEBT BORROWINGS, NWDA FINDS in its recently released operating survey of National Wholesale Druggists Association members. The financial leverage multiplier, a measure of "the portion of the balance sheet that is financed through equity in the form of owners' capital contribution and current earnings versus debt as trade credit or borrowing" declined significantly, from 2.83 in 1992 to 2.48 in 1993, the survey finds.
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