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Executive Guides

CTC Guide to Capital Structure


The science and the art of constructing the right capital structure and the role treasurers play in optimizing their companies' use of capital to support corporate strategy and maximize value. We surveyed capital structure theory and compared it to the "real-life" decision-making factors firms use when arriving at their ultimate decisions. We interviewed treasurers from diverse organizations, from cash-rich tech firms to cash-strapped, highly leveraged multinationals. We talked to them about the key factors driving the decision-making at their firms, from target ratings to target liquidity, and how they adjust their capital structure to support their companies' business.