Financial Modeling
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In calculating Discretionary Sweep for WMT, the formula had: -Min(Beginning Balance Revolver, Cash Flow before Discretionary Debt Repayment). In this case, Cash Flow before Discretionary Debt Repayment was negative and hence Discretionary Sweep became a positive number.
I just completed another analysis and Discretionary Debt Repayment is positive. In that case, will the formula be: -Max(Beginning Balance Revolver, Cash Flow before Discretionary Debt Repayment)? Read More