désendetté

English translation: unlevered (beta)

14:44 Apr 12, 2007

French to English translations [PRO]
Bus/Financial - Finance (general)

French term or phrase: désendetté

Nous avons pris comme date initiale de calcul le 1er janvier 2003. Nous avons « désendetté » chaque bêta et effectué la moyenne des bêtas désendettés pour dégager un bêta normatif sectoriel désendetté.

Ainsi le bêta désendetté de compagnie XX issu de notre calcul est égal à 1,38. C’est aussi le bêta endetté étant donné que la dette financière nette du groupe est quasiment nulle.

Laura Molinari KudoZ activity Questions: 843 (8 open) (4 without valid answers) (8 closed without grading) Answers: 303 Canada
Local time: 23:30

English translation:unlevered (beta)

Explanation:
I'm no expert, so we'll see what they have to say!

Unlevered beta
See asset beta.

Beta (See Chapter 21 of the Vernimmen)

Beta is the measure of the contribution of a single asset to the risk of portfolio. Beta is the covariance of this asset’s returns with the returns of the portfolio. Beta measures the volatility of a security.
http://www.vernimmen.com/html/glossaire/definition_beta.html

Asset beta is the beta of a debt-free company. It is also called unlevered beta or beta of assets. Asset beta (See Chapters 20 and 23 of the Vernimmen) ...
www.vernimmen.com/html/glossaire/definition_asset_beta.html

BETA. A measure of systematic risk of a security; the tendency of a security’s returns to correlate with swings in the broad market.
LEVERED BETA. The beta reflecting a capital structure that includes debt
UNLEVERED BETA. The beta reflecting a capital structure without debt.
http://www.franchisecapitalgroup.com/index.cfm?1=1&fbx_menui...

of Systematic Risk: An Empirical Analysis using the Unlevered Betas for a ... use of proxy methods for the estimation of unlevered (debt-free) beta in ...
papers.ssrn.com/sol3/papers.cfm?abstract_id=881743

How'd I do, Bob?

Selected response from:

Bourth (X)
Local time: 05:30

Grading comment

I thought of 'deleveraged' too. Oh well, too late, it's already gone!
4 KudoZ points were awarded for this answer

Summary of answers provided

3 +2

unlevered (beta)

Bourth (X)

3 +1

debt-free

AllegroTrans

free of debts

Mary-Ann Marque

Discussion entries: 2

Answers

5 mins confidence:

free of debts

Explanation:
peut-être

Mary-Ann Marque
France
Local time: 05:30
Native speaker of:

English,

French

27 mins confidence:

peer agreement (net): +2

unlevered (beta)

Bourth (X)
Local time: 05:30
Native speaker of:

English
PRO pts in category: 307

Grading comment

I thought of 'deleveraged' too. Oh well, too late, it's already gone!

1 hr confidence:

peer agreement (net): +1

debt-free

Explanation:
An "in phrase" at the moment - all sorts of utilities claim to have "gone debt free" - but you can prove anything with statistics they say

AllegroTrans
United Kingdom
Local time: 04:30
Specializes in field
Native speaker of:

English
PRO pts in category: 267

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