Free Cash Flow (FCF)
Cash remaining after operating needs and required capital expenditure, available for debt reduction or distribution.
Formula / expression:
Operating Cash Flow − CAPEXInvestment Glossary
Practical reference for terms used across JUANA studies and calculators. Definitions explain use; they do not turn a metric into investment advice.
Editorial review
JUANA Investment Research Desk · Methodology review of sources, model logic, separation of evidence from assumptions, and evidence links.