Removing financial leverage from capital structure.

Adjusting for debt effects in valuations.

Evaluating company performance without borrowed funds.

Neutralizing impact of interest expenses on earnings.

Reassessing risk profile excluding leveraged positions.

**Unlevering Process**: Adjusting financial metrics to exclude debt effects.

**Valuation Unlevering**: Calculating asset value without leverage influence.

**Risk Assessment Unlevering**: Evaluating risks assuming no borrowed capital.

**Cash Flow Unlevering**: Analyzing cash flows free of financing costs.

**Cost of Capital Unlevering**: Determining equity cost excluding debt considerations.