Remove 2020 Remove Book Value Remove Enterprise Value
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To Bitcoin or not to Bitcoin? A Corporate Cash Question!

Musings on Markets

Net Debt to Equity = (Debt-Cash)/ Equity Debt to Capital = (Debt-Cash)/ (Debt + Equity) All of these ratios can be computed using accounting book value numbers for debt and equity or with market value numbers for both.

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Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

The second was that, starting mid-year in 2020, equity markets and the real economy moved in different directions, with the former rising on the expectations a post-virus future, and the latter languishing, as most of the world continued to operate with significant constraints.

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Lower 2021 thresholds announced for merger reviews under Competition Act and Investment Canada Act

Deal Law Wire

Thresholds under both statutes decreased slightly, meaning more transactions may be reviewable or notifiable, respectively, than in 2020. Not publicly traded entity (acquisition of shares): Total acquisition value, plus total liabilities (excluding operating liabilities), minus cash and cash equivalents. Competition Act.

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The Zomato IPO: A Bet on Big Markets and Platforms!

Musings on Markets

Revenues did drop in 2020, as COVID restrictions put a crimp on the restaurant business, but the quarterly data suggests that business is coming back. Revenue Share : While the market share and total market yield the gross order value for Zomato, the company posts only its share of these orders, as revenues.

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Northview Fund announces recapitalization transaction including the acquisition of three portfolios for $742 million and its intention to transform into Northview Residential REIT, a $2.7 billion, internally managed, traditional open-ended real estate investment trust focused on national multi-family properties

Benzinga

Balance Sheet and Liquidity Strengthening: The Acquisitions are expected to deleverage and strengthen Northview's balance sheet, with debt to gross book value expected to decrease by approximately 500 basis points. In addition, the REIT is expected to obtain a new $60.0 Northview also intends to complete a 1.75

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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

Consequently, you can only value the equity in a bank, and by extension, the only pricing multiples you can use to price banks are equity multiples (PE, Price to Book etc.). Price to Book Ratio: Choice and Drivers There is no sector where price to book ratios get used more than in banking and financial services, for two reasons.

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Data Update 6 for 2023: A Wake up call for the Indebted?

Musings on Markets

Cash generating capacity : Debt payments are serviced with operating cash flows, and the more operating cash flows that firms generate, as a percent of their market value, the more that they can afford to borrow. To the retort from some bankers that you can liquidate the assets and recover your loans, I have two responses.

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