#Financial-Structure

Capital structure is the corporate ritual of strapping debt and equity like chains in a desperate bid for funding. In theory it promises stability through optimal mix, yet in practice it wavers at the whims of markets and moods of investors. Leverage is hailed as both a magic wand and a cursed incantation, perched on a fragile equilibrium. Pride in equity ratios melts like confetti at the fell of a share-price plunge. Ultimately, companies may be nothing more than circus performers tightrope-walking on numbers.