Debt in unlevered beta calculation

Hi, I am evaluating a private company. I have unlevered beta from Damodaran database and I try to convert it to levered beta. Thing is, that I don't know should I use total debt or just long-term financial debt. I am confused and need your help :D

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2 Comments

d3athletejumper

IB

8y

Use net debt to offset the effects of cash, could use gross debt but you would need a cash beta.

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Authored by: Certified Investment Banking Professional - 1st Year AnalystCertified Investment Banking Pro

dvekop

?

8y

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Debt in unlevered beta calculation

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