PJT Partners Deck
What are the key credit metrics you'd check to assess whether a company's capital structure is sustainable?
Model answer
Start with four
- leverage — total debt / EBITDA (and net debt / EBITDA), the headline measure of indebtedness
- interest coverage — EBITDA / interest expense, whether operations cover the cost…
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More from PJT Partners Deck
- How was PJT Partners created, and when did it become an independent public company?
- Who is Paul J. Taubman, and why does his background matter in a PJT interview?
- What was PJT Capital, and what did Taubman accomplish in the period between leaving Morgan Stanley and the Blackstone deal?
- Why did Blackstone spin off its advisory businesses to create PJT Partners? Explain the conflict logic an interviewer expects you to articulate.
- Which businesses did PJT Partners inherit from Blackstone in the 2015 spin-off?
- What kind of firm is PJT Partners, and how would you describe its positioning in one or two sentences?
Try the real thing
1 / 3DCF & WACC
Walk me through a DCF.
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