Chris Krug on Why Debt-to-EBITDA is an Inferior Gauge to Debt-to-Free Cash Flow

Chris Krug of Chatham Harbor Capital Management joined the podcast to discuss his hedge fund’s strategy of buying equity of distressed companies. Here he goes into more details about the metrics he looks for, starting with growing free cash flow (FCF). In fact, debt-to-FCF is a superior gauge to debt-to-EBITDA, Krug says.