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VRCA

Verrica Pharmaceuticals has entered into a non-binding term sheet for a term loan facility of up to $125 million.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:12 am

FXI

China's Politburo plans to implement a series of measures to address local government debt issues, promote the sustainable development of platform companies, and ensure the secure development of artificial intelligence, according to Reuters.

Portfolio Pulse from Charles Gross

July 24, 2023 | 9:22 am

TSLA

Tesla Inc. has extended the duration of its auto loans from 72 months to between 36 and 84 months, in response to rising interest rates. However, this could result in customers paying more than their car's actual value. The Federal Reserve has been aggressively hiking the fed funds rates since March 2022, with interest rates now at a 16-year high of 5%-5.25%. The futures market has priced in a nearly 100% probability of a further 25-basis-point increase in rates to 5.25%-5.50%.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 9:00 pm

SBUX

Starbucks Inc. (NASDAQ:SBUX) has seen its shares drop by 5.96% over the past three months. The company's total debt stands at $15.49 billion, with long-term debt at $13.54 billion and current debt at $1.94 billion. After adjusting for $3.07 billion in cash-equivalents, the net debt is $12.41 billion. The debt ratio, a measure of financial leverage, is 0.54, considering Starbucks's $28.61 billion in total assets.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 8:30 pm

ZBH

Zimmer Biomet Holdings Inc. (NYSE:ZBH) has seen its shares rise by 2.50% over the past three months. The company's total debt stands at $5.79 billion, with net debt at $5.46 billion after adjusting for cash equivalents. The debt ratio of the company is 0.27, indicating a moderate level of financial leverage. Debt is a crucial factor in a company's capital structure and can impact its growth and cash flow.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:15 pm

AXP

American Express Company (NYSE:AXP) reported better-than-expected Q2 earnings, but shares fell due to higher provisions for credit losses. The company's dividend yield is currently 1.36%. To earn $500 per month from AXP's dividends, an investment of around $441,176.47, or about 2,575 shares, is needed. However, the deteriorating consumer financial health in the U.S. could impact the company's performance.

Portfolio Pulse from AJ Fabino

July 21, 2023 | 7:03 pm

RCL

Shares of Royal Caribbean Gr Inc. (NYSE:RCL) have increased by 70.04% over the past three months. The company's total debt stands at $21.46 billion, with net debt at $20.23 billion after adjusting for $1.23 billion in cash-equivalents. The company's debt-ratio is 0.65, indicating a significant portion of its assets are funded by debt. While debt can help a company grow, it also increases the risk of defaulting on loans and can negatively impact cash-flow due to interest-payment obligations.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:15 pm

RNW

ReNew Energy Global PLC (NASDAQ:RNW) has signed Memorandums of Understanding (MoUs) worth $7.8 billion for its green energy projects. The deal was signed with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) at the Clean Energy Ministerial meeting in Goa. RNW will receive $3.9 billion each from PFC and REC for financing its current and future energy transition projects. RNW shares are trading higher by 6.04% at $6.24 on the last check Friday.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 4:29 pm

DE

Deere Inc.'s total debt stands at $58.10 billion, with $40.99 billion in long-term debt and $17.11 billion in current debt. After adjusting for $5.27 billion in cash-equivalents, the company's net debt is $52.83 billion. The company's debt-ratio is 0.59, indicating a significant portion of its assets are funded by debt. The company's shares have risen by 15.49% in the past three months.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 3:30 pm

CWH

Camping World Holdings Inc (CWH) has expanded its RV Inventory Floor Plan Facility by $150 million, increasing the total borrowing capacity to $1.85 billion. This amendment is expected to provide additional financial and operational flexibility for the company's growth strategy.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 3:29 pm