Ford CFO: Having Ready Access to Cash Is a Decent Business Practice
FYI for any budding CFOs out there:
Having liquidity is key to any business and it is important to build it before any crisis, said Ford Motor Co.’s (F) chief financial officer Thursday.
“We have to assume that when you really need liquidity, it won’t be there,” said Lewis Booth, speaking at Treasury & Risk’s 15th annual Alexander Hamilton Awards ceremony in New York City.
After those insightful comments, Booth gushed about how the company that Hank built was doing.
“We expect our automotive cash to be about equal to our debt by year-end 2010, earlier than expected,” Booth said, adding “this has been a magic year.”
Just a CFO walking the talk (almost anyway).