what is free cash flow to equity fcfe 
free cash flow to equity fcfe is a measure of how much cash is available to the equity shareholders of a company after all expenses reinvestment and debt are paid fcfe is a measure of equity capital usage understanding free cash flow to equity fcfe free cash flow to equity is composed of net income capital expenditures working capital and debt net income is located on the company income statement capital expenditures can be found within the cash flows from the investing section on the cash flow statement working capital is also found on the cash flow statement however it is in the cash flows from the operations section in general working capital represents the difference between the company s most current assets and liabilities these are short term capital requirements related to immediate operations net borrowings can also be found on the cash flow statement in the cash flows from the financing section it is important to remember that interest expense is already included in net income so you do not need to add back interest expense formula for fcfefcfe cash from operations capex net debt issued text fcfe text cash from operations text capex text net debt issued fcfe cash from operations capex net debt issued 