Financial Positions of U.S. Public Corporations: Part 1, Before the Pandemic
Abstract: This blog is the first in a series that will discuss how the current pandemic affects the financial positions of publicly traded U.S. corporations, the potential implications of these financial developments, and the federal policy response. This first blog discusses the financial positions before the pandemic started. We document three facts: (1) the share of nonfinancial public companies with large amounts of leverage was elevated, suggesting financial fragility; however, (2) interest expenses were small for most firms due to the low level of interest rates; and (3) most firms had significant liquidity.
File(s): File format is text/html https://www.chicagofed.org/publications/blogs/chicago-fed-insights/2020/financial-positions-part1
Provider: Federal Reserve Bank of Chicago
Source: Federal Reserve Bank of Chicago
Publication Date: 2020-05-08