In our first of a series of articles on capital management, we explore areas including:
- What is the right gearing level and credit profile?
- How acquisitions are funded – debt vs equity?
- What is an appropriate dividend policy?
- What is the maturity profile and composition of debt?
There is no capital management handbook. Such decisions require a strategic and structured approach whereby management and the board have agreed a policy and framework for capital management.
This article outlines key questions you need to be asking to assess where you are placed in relation to better practice capital management.