THE FINANCE GHOST: Granola for the banks

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Working capital cycles seem to be lengthening; it's bad news for companies, but good news for lenders, writes FinanceGhost.

If you could choose a cereal for the CEOs and CFOs of your portfolio companies to be eating every morning, it would be the Working Capital Crunch. It won’t taste great , but hopefully it reminds them every day to focus on the cash.

There’s a crunch under way that has nothing to do with the cereal. In company announcements locally and abroad, I’m seeing increasing signs of lengthening working capital cycles...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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