Unlevered/levered Cashflow
Unlevered cashflows are cashflows that have not included any financing costs into the equation. When adding in the use of financing (or leverage) to the calculation of cashflows the resulting figures become levered.
Unlevered cashflows are cashflows that have not included any financing costs into the equation. When adding in the use of financing (or leverage) to the calculation of cashflows the resulting figures become levered.