The massive over-indebtedness of classic car manufacturers is a myth that has now bravely persisted for years. Unfortunately, the differences to other companies are all too often forgotten.

Looking at companies' quarterly and annual figures, one gets the impression that share-based compensation for employees has no impact on free cash flow. At first glance, this seems to be the case, but a second look reveals a different picture. You can find out exactly what that is in this article.