External funds needed PDF

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How much external funds needed for the cement company...

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Interpretations: Following table shows the excess funds needed for LafargeHolcim and the sources of those fund management. Particulars External Fund Needed

2020 11,876,92 1

2021 6,441,907

2022 7,612,856

415,482

247,017

291,918

1,161,374

1,576,856

1,823,873

No. of shares outstanding after new issue

1,576,856

1,823,873

2,115,791

Authorized Shares

1,400,000

1,400,000

1,400,000

No. of shares needs to be issued

2023 8,904,728

2024 10,330,010

311,508

No. of shares outstanding

307,441 2,115,791 2,427,299 2,427,299 2,734,740

1,400,000

1,400,000

Above Figure represents all figures in thousands. We can see that LafargeHolcim by no means can finance all of the EFN by issuing shares because after issuing shares number of outstanding shares will be higher than authorized shares. Therefore, LafargeHolcim will issue debt in the subsequent years in 2021 to 2024. That is why LafargeHolcim will not be unlevered firm. We will now see the PV of Interest Tax Shield and Earnings Per Share under different capital structures....