Growing appetite for risk & leverage
Deloitte Belgian CFO Survey Q1-2011
Many CFOs have decreased the financial risk on their balance sheet over the past year. Over a 2 year period, the net balance evolved from 32% increased risk beginning of 2009 to 32% decreased risk now.
Over the same period, confidence in the balance sheet has grown. Almost 70% of respondents now believe their balance sheet is appropriately leveraged (up from 50% in 2009).
Although the majority of CFOs is at present still reluctant to take on additional risk onto the balance sheet, the proportion of CFOs who think it is a good time to be taking greater risk continues to increase quarter after quarter: 40% report it is again a good time to take on additional risk on the balance sheet.