## Free Cash Flow to Equity

The formula for free cash flow to equity is net income minus capital expenditures minus change in working capital plus net borrowing. The free cash flow to equity formula is used to calculate the equity available to shareholders after accounting for the expenses to continue operations and future capital needs for growth.

## $$n-c-w+b$$

Here,n=net income,C=capital expenses,w=capital capital,b=net borrowing

ENTER THE VARIABLES TO BE USED IN THE FORMULA