The enterprise leverage analyzed in concerned financial management books is always positive, but in practice, enterprise leverage is probably a negative value.

目前有关财务管理书籍中所分析的杠杆度都是正值，但现实中企业杠杆度极有可能为负值。

youdao

Wahlstrom says the company meets the requirements for a leveraged buyout or management buyout, chiefly positive free cash flow and low financial leverage, and says it is "more likely than not" that a buyout will happen.

FORBES