TOTAL DEBT FINANCING ON OPERATING CASH FLOW OF QUOTED MANUFACTURING FIRMS IN NIGERIA

Abstract

This study therefore established the effect of total debt financing on operating cash flow of quoted manufacturing firms in Nigeria. Ex-post facto research design was used in this study.   Twenty one (21) quoted manufacturing firms were selected as the sample size of this study with the utilization of purposive sampling method. Data were gathered from the published financial statements of the sampled firms for a fourteen year period spanning from 2008 to 2021, using Purposive sampling method. Regression analysis was employed to test the hypothesis. The study revealed that which states that Total Debt Financing have a significant effect on operating cash flow performance of quoted manufacturing companies in Nigeria at 5% level of significance. On the premise of this study finding, it was suggested that businesses consider debt financing because it allows them to leverage a small amount of money into a much larger sum, allowing for faster growth than would otherwise be possible.