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Funding Cost & WACC

Analyzes how interest expense, implicit guarantees, and non-market funding structures distort WACC assumptions, complicating risk attribution and valuation across emerging and ASEAN markets.

Funding Cost & WACC

+4

Another roadblock:Interest Expense

Dec 23, 2025

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3 min read

Another roadblock:Interest Expense

Why WACC breaks before financial modeling begins

DAISAKU KADOMAE
DAISAKU KADOMAE

Funding Cost & WACC

+4

Why I deliberately exclude CAPEX and working capital assumptions

Dec 22, 2025

•

3 min read

Why I deliberately exclude CAPEX and working capital assumptions

Why management-driven decisions do not belong in cross-border valuation.

DAISAKU KADOMAE
DAISAKU KADOMAE

GARYO FINANCE Insights

♦ASEAN financial insights— exclusive charts, policy analysis, and boardroom strategies ♦Author, Dai Kadomae, CFA, CPA, is ex-Citi investment banker & CFO, op-ed writer for Nikkei Asia, Bangkok Post, The Business Times (Singapore), Asia Times (Hong Kong) ♦Explore subscription & business inquiries→[email protected]

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