Capital Structure Function of Cash Flow Based Corporate Finance (CFCF) Model
DOI:
https://doi.org/10.47672/ajf.1744Keywords:
Capital Structure Function Of The CFCF Model (G30), Cash Flow (G30), Cash Flow Ratios(G30), The Apple Corp (G30).Abstract
Purpose: The purpose of this article is to explain the capital structure function of CFCF model explaining by Yilmaz (2022) and Yilmaz (2023).
Materials and Methods: First, the 11 cash flow ratios were selected from CFCF model (Yilmaz, 2023). (Look at Yilmaz 2003 for all 30 ratios and their groups). Then, these ratios were explained from the point of view of capital structure function of the FCFC model. Then, they were applied on the Apple Corp. financial statements. Their calculations and comments were fulfilled by the writer.
Findings: This is a theoretical model. As a finding, the 11 ratios could be calculated by the writer. Accordingly, the cash flow ratios of the Apple Corp. shows that its capital structure is managed well and the company does not have any cash flow based capital structure management issue.
Implications to Theory, Practice and Policy: All companies could use this tool, capital structure function of cash flow based corporate finance (CFCF) model to learn capital structure issues and to solve them.
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References
Ferris K. R., K. L. Tennant and S. I. Jerris, (1992), How to Understand Financial Statements, Prentice Hall, New Jersey.
Mills J. R. and J.H. Yamamura, (1998), "The Power of Cash Flow Ratios", Journal of Accountancy, Vol.186, No.4, 53- 61.
Shim J. K. and J.G. Siegel, (1992), The Vest-Pocket CFO, Prentice Hall, New Jersey.
US Security and Exchange Commission, Form 10-K, September 26,2020, Apple Inc., Commission File Number:001-36743
US Security and Exchange Commission, Form 10-K, September 25, 2021, Apple Inc., Commission File Number:001-36743
US Security and Exchange Commission, Form 10-K, September 24,2022, Apple Inc., Commission File Number:001-3674
Yilmaz H., (2022) "Cash Flow Based Corporate Finance (CFCF) Model", American Journal of Financial Management, Vol.5, No.9, pp. 1-18.
Yilmaz H., (2023) "Some Improvements in Cash Flow Based Corporate Finance (CFCF) Model", American Journal of Financial Management, Vol.6, No.10, pp. 1-24.https://taxsummaries.pwc.com/quick-charts/corporate-income-tax-cit-rates
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Copyright (c) 2024 Prof. Dr. Huseyin Yilmaz
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
