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Company capital stacks analyzed by seniority, Michael Kao examines

Company capital stacks analyzed by seniority, Michael Kao examines
Capital structure module adds seniority layers

Michael Kao, CIO at Akadia Capital, reports that the Capital Structure (CPSTR) module now breaks down a company's capital stack into layers by seniority, provides credit and leverage statistics, and details near-term maturities.

Kao highlights its usefulness in identifying potential Fulcrum Securities.

Kao has previously explained that small changes in firm value can lead to significant shifts for fulcrum securities in stressed capital structures. In other work, he has reviewed new analysis on China's imbalanced economy and ongoing mercantilism. These ongoing observations inform Kao’s approach to capital structure analysis.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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