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What does that term mean? I've been searching the last day for it - cannot find the answer. What significance does LFCF hold?

thanks.
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"Free cash flow" is a measure of how much cash the business is generating.

"Leveraged" is a measure of how much debt the company is in.

Put them together and it is an attempt to scale free cash flow by the debt to equity ratio of the company.
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Greetings,

There is a thread from the "Reading Financial Statements" about this at http://boards.fool.com/Message.asp?mid=23515105&sort=whole that may be of interest.

HTH,
JB
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