Cash makes a comeback in Navistar financing

Article Abstract:

Navistar International Corp has turned around its financial position by operating largely on cash rather than loans. It has completely reorganized and almost totally eliminated debts from its former identity as International Harvester. Interest expense has been reduced from $729 million to $214 million, while net worth has gone from $53 million to $515 million. Its long-term debt-to-capital ratio is down from 93% to 29%. A sophisticated computer system helps Navistar track cash flow. Navistar may break even or show a small profit for 1987.

Finance, Navistar International Corp.

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Electronics gives push to bank account analysis standards

Article Abstract:

Corporations need a way to evaluate cash management services offered by banks. Means of computing and definitions of terminology vary widely among banks. The National Corporate Cash Management Assn and the American National Standards Institute have nearly finished a software package that will aid corporations in evaluating the cash management services of different banks. The only serious problems encountered so far are in getting banks to agree on standard terminology and to respond quickly.

Standards, Methods, Analysis, American National Standards Institute, Asset management accounts, National Corporate Cash Management Association

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