If CSN prevails, the merged firm's combined net debt will more than double as a share of cashflow.

就算CSN最后得手，由于它的现金流会因此被分流一部分，合并后的公司净债务也将是现在的两倍。

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Steve Blitz of ITG, a broker, notes that whereas business investment remains depressed as a share of GDP, net cashflow is near a record high.

ECONOMIST: Corporate profits in America

Net-a-Porter reduced its losses during the period, but generated a positive operating cashflow.

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