We believe that this fleet profile and our unsecured capital structure should provide us with access to capital and financial flexibility as we navigate the market cyclicality
"Not only did we secure our space as a transport infrastructure developer, we are also witnessing the results of our diversification plan to mitigate the natural cyclicality
of construction," he added.
These factors are balanced against the cyclicality
inherent in the rail equipment industry, particularly in Wabtec's freight rail segment.
Planned steel billets manufacturing plant is expected to provide a cushion against cyclicality
risk of sugar sector.
This allows us to study the relationship between seasonality and business cyclicality
within an industry by comparing different states.
However, ratings are constrained by cyclicality
in earnings profile and high leverage indicators.
The increased cyclicality
of the participation rate reflects an increased cyclicality
of employment that was only partly offset by countercyclical fluctuations in unemployment.
Saavedra noted the expected cyclicality
of the construction segment, which had brought about the year-on-year decline in profit in the first quarter.
This article provides evidence on the relation among financial constraints, competition, and the cyclicality
According to Fitch, Walmart's ratings reflect its substantial scale, dominant market position in North America, low cyclicality
, meaningful free cash flow and relatively steady financial leverage, despite a history of partially financing share repurchases with debt.
"While the freight market is largely a function of the economy, the absence of statistically meaningful correlations may be attributable to overall economic cyclicality
not coinciding with freight market cyclicality
The final benefit Sherman outlined is how commodity supply and demand is generally correlated to the cyclicality
of the global economy.