Levered

1. Capital asset pricing model (CAPM).

In the CAPM, a levered beta is a beta which takes account of the additional risks of debt finance.

2.

Levered cash flow is the cash flow taking account of debt.

3.

A levered company or business is one that is financed in part by debt.

4.

The term 'levered' may also be used to mean having a high level of debt, in any of these contexts.

Levered is also sometimes known as 'leveraged' or 'geared'.

See also

• Balance sheet ratio
• Beta
• Capital asset pricing model
• Geared beta
• Geared cash flow
• Gearing
• Guide to risk management
• Ungeared
• Ungeared cash flow

Other resource

Masterclass: Measuring financial risk, Will Spinney, The Treasurer