Financial Modeling
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In the debt schedule, we did the following:
Cash Available for Debt Servicing
Plus: Beginning Cash Balance
Less: Minimum Cash Balance
Equals: Cash Available before Mandatory Debt Payments
Then we pay debt and revolver; which essentially means that we have utilized beginning cash balance in order to pay down debt. If this is correct then for calculating Ending Cash Balance in the Cash Flow statement why we once again add Beginning Cash Balance in the Change In Cash for the Year. Is this not the double counting of Beginning Cash Balance?
Please Explain. Read More