Last time, we talked about the working capital burn rate (WCBR)–a measure of how many years of losses a producer can sustain before they exhaust their working capital and have to either refinance their land to withdraw equity, or take some other drastic action.
The Equity Burn Rate
Last time, we talked about the working capital burn rate (WCBR)–a measure of how many years of losses a producer can sustain before they exhaust their working capital and have to either refinance their land to withdraw equity, or take some other drastic action.