{"product_id":"enterprise-value","title":"Enterprise Value Calculator","description":"\u003cstyle\u003e\n.ev-calculator {\n  --ink: #0f172a;\n  --muted: #475569;\n  --border: #e2e8f0;\n  --surface: #ffffff;\n  --tint: #f8fafc;\n  --primary: #1d4ed8;\n  --accent: #c2410c;\n  --accent-hover: #9a3412;\n  --chart-1: #1e40af;\n  --chart-2: #0d9488;\n  --chart-3: #7c3aed;\n  --chart-4: #be185d;\n  --chart-5: #334155;\n  color: var(--ink);\n  background: var(--surface);\n  container-type: inline-size;\n  border: 1px solid var(--border);\n  border-radius: 8px;\n  box-shadow: 0 1px 2px rgba(15, 23, 42, .06);\n  font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Helvetica, Arial, sans-serif;\n  font-size: 15px;\n  line-height: 1.6;\n  margin: 0 auto;\n  max-width: 1200px;\n  overflow-wrap: anywhere;\n  padding: 24px;\n  width: 100%;\n}\n.ev-calculator,\n.ev-calculator *,\n.ev-calculator *::before,\n.ev-calculator *::after {\n  box-sizing: border-box;\n}\n.ev-calculator .ev-header,\n.ev-calculator .ev-toolbar,\n.ev-calculator .ev-workspace,\n.ev-calculator .ev-input-panel,\n.ev-calculator .ev-result-panel,\n.ev-calculator .ev-breakdown,\n.ev-calculator .ev-chart-card,\n.ev-calculator .ev-table-card,\n.ev-calculator .ev-education,\n.ev-calculator .ev-field,\n.ev-calculator .ev-field-grid,\n.ev-calculator .ev-result-grid,\n.ev-calculator .ev-result-card,\n.ev-calculator .ev-chart-flow,\n.ev-calculator .ev-legend,\n.ev-calculator .ev-legend-row,\n.ev-calculator .ev-table-overflow,\n.ev-calculator .ev-formula,\n.ev-calculator .ev-summary-pills,\n.ev-calculator .ev-pill,\n.ev-calculator .ev-callout,\n.ev-calculator .ev-table-note,\n.ev-calculator .ev-chart-empty,\n.ev-calculator .ev-table-empty {\n  min-width: 0;\n}\n.ev-calculator .ev-header {\n  border-bottom: 1px solid var(--border);\n  padding-bottom: 20px;\n}\n.ev-calculator .ev-title {\n  color: var(--ink);\n  font-size: 24px;\n  font-weight: 700;\n  letter-spacing: -.02em;\n  line-height: 1.25;\n  margin: 0;\n}\n.ev-calculator .ev-subtitle {\n  color: var(--muted);\n  margin: 8px 0 0;\n  max-width: 760px;\n}\n.ev-calculator .ev-summary-pills {\n  display: flex;\n  flex-wrap: wrap;\n  gap: 8px;\n  margin-top: 16px;\n}\n.ev-calculator .ev-pill {\n  align-items: center;\n  background: var(--tint);\n  border: 1px solid var(--border);\n  border-radius: 999px;\n  color: var(--muted);\n  display: inline-flex;\n  font-size: 13px;\n  font-weight: 500;\n  gap: 6px;\n  line-height: 1.3;\n  padding: 6px 10px;\n}\n.ev-calculator .ev-pill strong {\n  color: var(--ink);\n  font-variant-numeric: tabular-nums;\n  font-weight: 700;\n}\n.ev-calculator .ev-toolbar {\n  align-items: center;\n  display: flex;\n  flex-wrap: wrap;\n  gap: 12px;\n  padding: 20px 0;\n}\n.ev-calculator .ev-button {\n  align-items: center;\n  border: 1px solid transparent;\n  border-radius: 6px;\n  cursor: pointer;\n  display: inline-flex;\n  font: inherit;\n  font-size: 15px;\n  font-weight: 650;\n  gap: 10px;\n  justify-content: center;\n  line-height: 1.2;\n  min-height: 46px;\n  padding: 12px 18px;\n  text-decoration: none;\n  white-space: nowrap;\n}\n.ev-calculator .ev-button:focus-visible,\n.ev-calculator .ev-input:focus-visible,\n.ev-calculator .ev-link:focus-visible {\n  outline: 3px solid rgba(29, 78, 216, .35);\n  outline-offset: 2px;\n}\n.ev-calculator .ev-download {\n  background: var(--accent);\n  color: #ffffff;\n}\n.ev-calculator .ev-download:hover,\n.ev-calculator .ev-download:active {\n  background: var(--accent-hover);\n}\n.ev-calculator .ev-download:disabled {\n  background: #7c2d12;\n  cursor: wait;\n  opacity: .8;\n}\n.ev-calculator .ev-reset {\n  background: var(--surface);\n  border-color: #94a3b8;\n  color: var(--ink);\n}\n.ev-calculator .ev-reset:hover {\n  background: var(--tint);\n  border-color: #64748b;\n}\n.ev-calculator .ev-button-icon {\n  display: block;\n  flex: 0 0 auto;\n  height: 18px;\n  width: 18px;\n}\n.ev-calculator .ev-workspace {\n  display: grid;\n  gap: 24px;\n  grid-template-columns: minmax(0, 1fr) minmax(0, 1fr);\n}\n.ev-calculator .ev-input-panel,\n.ev-calculator .ev-result-panel,\n.ev-calculator .ev-chart-card,\n.ev-calculator .ev-table-card {\n  background: var(--surface);\n  border: 1px solid var(--border);\n  border-radius: 8px;\n  box-shadow: 0 1px 2px rgba(15, 23, 42, .04);\n  padding: 20px;\n}\n.ev-calculator .ev-section-title {\n  color: var(--ink);\n  font-size: 18px;\n  font-weight: 650;\n  line-height: 1.35;\n  margin: 0;\n}\n.ev-calculator .ev-section-copy {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 500;\n  margin: 6px 0 0;\n}\n.ev-calculator .ev-field-grid {\n  display: grid;\n  gap: 16px;\n  grid-template-columns: repeat(2, minmax(0, 1fr));\n  margin-top: 20px;\n}\n.ev-calculator .ev-field {\n  display: flex;\n  flex-direction: column;\n}\n.ev-calculator .ev-label {\n  color: var(--ink);\n  font-size: 14px;\n  font-weight: 600;\n  line-height: 1.4;\n  margin-bottom: 6px;\n}\n.ev-calculator .ev-input-wrap {\n  align-items: center;\n  display: flex;\n  min-width: 0;\n  position: relative;\n}\n.ev-calculator .ev-input {\n  background: #ffffff;\n  border: 1px solid #94a3b8;\n  border-radius: 6px;\n  color: var(--ink);\n  font: inherit;\n  font-size: 15px;\n  font-variant-numeric: tabular-nums;\n  height: 46px;\n  line-height: 1.2;\n  min-width: 0;\n  padding: 10px 52px 10px 12px;\n  width: 100%;\n}\n.ev-calculator .ev-input:hover {\n  border-color: #64748b;\n}\n.ev-calculator .ev-input[aria-invalid=\"true\"] {\n  border-color: #b91c1c;\n}\n.ev-calculator .ev-unit {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 650;\n  pointer-events: none;\n  position: absolute;\n  right: 12px;\n}\n.ev-calculator .ev-helper,\n.ev-calculator .ev-error {\n  font-size: 13px;\n  font-weight: 500;\n  line-height: 1.45;\n  min-height: 38px;\n  padding-top: 6px;\n}\n.ev-calculator .ev-helper {\n  color: var(--muted);\n}\n.ev-calculator .ev-error {\n  color: #991b1b;\n  display: none;\n}\n.ev-calculator .ev-field.ev-has-error .ev-helper {\n  display: none;\n}\n.ev-calculator .ev-field.ev-has-error .ev-error {\n  display: block;\n}\n.ev-calculator .ev-primary-result {\n  background: var(--tint);\n  border: 1px solid #bfdbfe;\n  border-radius: 8px;\n  margin-top: 20px;\n  padding: 20px;\n}\n.ev-calculator .ev-primary-label {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 600;\n  margin: 0;\n}\n.ev-calculator .ev-primary-value {\n  color: var(--ink);\n  font-size: 30px;\n  font-variant-numeric: tabular-nums;\n  font-weight: 700;\n  letter-spacing: -.02em;\n  line-height: 1.2;\n  margin: 4px 0 0;\n  overflow-wrap: anywhere;\n}\n.ev-calculator .ev-primary-context {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 500;\n  margin: 8px 0 0;\n}\n.ev-calculator .ev-result-grid {\n  display: grid;\n  gap: 12px;\n  grid-template-columns: repeat(2, minmax(0, 1fr));\n  margin-top: 16px;\n}\n.ev-calculator .ev-result-card {\n  border: 1px solid var(--border);\n  border-radius: 8px;\n  padding: 14px;\n}\n.ev-calculator .ev-result-card-label {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 600;\n  line-height: 1.35;\n  margin: 0;\n}\n.ev-calculator .ev-result-card-value {\n  color: var(--ink);\n  font-size: 20px;\n  font-variant-numeric: tabular-nums;\n  font-weight: 700;\n  line-height: 1.3;\n  margin: 4px 0 0;\n  overflow-wrap: anywhere;\n}\n.ev-calculator .ev-formula {\n  background: var(--tint);\n  border-left: 4px solid var(--primary);\n  border-radius: 6px;\n  color: var(--ink);\n  font-size: 13px;\n  font-weight: 600;\n  margin-top: 16px;\n  padding: 12px;\n}\n.ev-calculator .ev-breakdown {\n  margin-top: 24px;\n}\n.ev-calculator .ev-breakdown-grid {\n  display: grid;\n  gap: 12px;\n  grid-template-columns: repeat(4, minmax(0, 1fr));\n  margin-top: 16px;\n}\n.ev-calculator .ev-breakdown-item {\n  background: var(--tint);\n  border: 1px solid var(--border);\n  border-radius: 8px;\n  min-width: 0;\n  padding: 14px;\n}\n.ev-calculator .ev-breakdown-label {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 600;\n  margin: 0;\n}\n.ev-calculator .ev-breakdown-value {\n  color: var(--ink);\n  font-size: 20px;\n  font-variant-numeric: tabular-nums;\n  font-weight: 700;\n  margin: 4px 0 0;\n  overflow-wrap: anywhere;\n}\n.ev-calculator .ev-chart-card,\n.ev-calculator .ev-table-card {\n  margin-top: 24px;\n}\n.ev-calculator .ev-chart-flow {\n  display: grid;\n  gap: 18px;\n  margin-top: 16px;\n}\n.ev-calculator .ev-chart-plot {\n  align-items: center;\n  display: flex;\n  justify-content: center;\n  min-width: 0;\n  width: 100%;\n}\n.ev-calculator .ev-chart-svg {\n  display: block;\n  height: 360px;\n  max-width: 100%;\n  width: 100%;\n}\n.ev-calculator .ev-chart-empty,\n.ev-calculator .ev-table-empty {\n  align-items: center;\n  background: var(--tint);\n  border: 1px dashed #94a3b8;\n  border-radius: 6px;\n  color: var(--muted);\n  display: none;\n  font-size: 14px;\n  font-weight: 600;\n  justify-content: center;\n  min-height: 96px;\n  padding: 16px;\n  text-align: center;\n}\n.ev-calculator .ev-legend {\n  display: grid;\n  gap: 8px;\n  justify-content: center;\n  margin: 0 auto;\n  max-width: 760px;\n  width: 100%;\n}\n.ev-calculator .ev-legend-row {\n  align-items: center;\n  display: grid;\n  gap: 8px 12px;\n  grid-template-columns: 12px minmax(110px, max-content) max-content max-content;\n  justify-content: start;\n}\n.ev-calculator .ev-legend-swatch {\n  border-radius: 2px;\n  display: block;\n  height: 12px;\n  width: 12px;\n}\n.ev-calculator .ev-legend-label,\n.ev-calculator .ev-legend-value,\n.ev-calculator .ev-legend-share {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 600;\n  line-height: 1.4;\n}\n.ev-calculator .ev-legend-value,\n.ev-calculator .ev-legend-share {\n  color: var(--ink);\n  font-variant-numeric: tabular-nums;\n  white-space: nowrap;\n}\n.ev-calculator .ev-chart-caption,\n.ev-calculator .ev-table-note,\n.ev-calculator .ev-callout {\n  background: var(--tint);\n  border: 1px solid var(--border);\n  border-radius: 6px;\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 500;\n  line-height: 1.55;\n  margin-top: 16px;\n  padding: 10px 12px;\n}\n.ev-calculator .ev-safe-chart-stack .ev-chart-flow {\n  gap: 24px;\n}\n.ev-calculator .ev-safe-chart-stack .ev-chart-caption {\n  margin-top: 20px;\n}\n.ev-calculator .ev-table-overflow {\n  margin-top: 16px;\n  overflow-x: auto;\n  padding-bottom: 2px;\n  width: 100%;\n}\n.ev-calculator .ev-table {\n  border-collapse: separate;\n  border-spacing: 0;\n  color: var(--ink);\n  font-size: 14px;\n  min-width: 720px;\n  width: 100%;\n}\n.ev-calculator .ev-table th,\n.ev-calculator .ev-table td {\n  border-bottom: 1px solid var(--border);\n  padding: 11px 12px;\n  text-align: left;\n  vertical-align: middle;\n}\n.ev-calculator .ev-table th {\n  background: #0f2748;\n  color: #ffffff;\n  font-size: 13px;\n  font-weight: 700;\n  white-space: nowrap;\n}\n.ev-calculator .ev-table th:first-child {\n  border-top-left-radius: 6px;\n}\n.ev-calculator .ev-table th:last-child {\n  border-top-right-radius: 6px;\n}\n.ev-calculator .ev-table tbody tr:hover td {\n  background: #f8fafc;\n}\n.ev-calculator .ev-table td.ev-number {\n  font-variant-numeric: tabular-nums;\n  text-align: right;\n  white-space: nowrap;\n}\n.ev-calculator .ev-table tbody tr:last-child td {\n  border-bottom: 0;\n  font-weight: 700;\n}\n.ev-calculator .ev-safe-table-stack .ev-table-note {\n  margin-top: 20px;\n}\n.ev-calculator .ev-education {\n  border-top: 1px solid var(--border);\n  margin-top: 32px;\n  padding-top: 28px;\n}\n.ev-calculator .ev-education h2 {\n  color: var(--ink);\n  font-size: 22px;\n  font-weight: 700;\n  line-height: 1.3;\n  margin: 30px 0 10px;\n}\n.ev-calculator .ev-education h2:first-child {\n  margin-top: 0;\n}\n.ev-calculator .ev-education h3 {\n  color: var(--ink);\n  font-size: 18px;\n  font-weight: 650;\n  line-height: 1.4;\n  margin: 22px 0 8px;\n}\n.ev-calculator .ev-education p,\n.ev-calculator .ev-education ul {\n  color: var(--muted);\n  margin: 0 0 14px;\n}\n.ev-calculator .ev-education ul {\n  padding-left: 22px;\n}\n.ev-calculator .ev-education li {\n  margin-bottom: 8px;\n}\n.ev-calculator .ev-link {\n  color: var(--primary);\n  font-weight: 600;\n  text-decoration: underline;\n  text-decoration-thickness: 1px;\n  text-underline-offset: 2px;\n}\n.ev-calculator .ev-link:hover {\n  color: #1e3a8a;\n}\n.ev-calculator .ev-visually-hidden {\n  clip: rect(0 0 0 0);\n  clip-path: inset(50%);\n  height: 1px;\n  overflow: hidden;\n  position: absolute;\n  white-space: nowrap;\n  width: 1px;\n}\n@container (max-width: 899px) {\n  .ev-calculator .ev-workspace {\n    grid-template-columns: minmax(0, 1fr);\n  }\n  .ev-calculator .ev-breakdown-grid {\n    grid-template-columns: repeat(2, minmax(0, 1fr));\n  }\n}\n@container (max-width: 639px) {\n  .ev-calculator .ev-toolbar {\n    align-items: stretch;\n    flex-direction: column;\n  }\n  .ev-calculator .ev-button {\n    width: 100%;\n  }\n  .ev-calculator .ev-field-grid,\n  .ev-calculator .ev-result-grid,\n  .ev-calculator .ev-breakdown-grid {\n    grid-template-columns: minmax(0, 1fr);\n  }\n  .ev-calculator .ev-input-panel,\n  .ev-calculator .ev-result-panel,\n  .ev-calculator .ev-chart-card,\n  .ev-calculator .ev-table-card {\n    padding: 16px;\n  }\n  .ev-calculator .ev-primary-value {\n    font-size: 27px;\n  }\n  .ev-calculator .ev-chart-svg {\n    height: 390px;\n  }\n  .ev-calculator .ev-legend-row {\n    grid-template-columns: 12px minmax(0, 1fr) max-content;\n  }\n  .ev-calculator .ev-legend-share {\n    grid-column: 2 \/ 4;\n    padding-left: 0;\n  }\n}\n@container (max-width: 359px) {\n  .ev-calculator .ev-title {\n    font-size: 22px;\n  }\n  .ev-calculator .ev-input-panel,\n  .ev-calculator .ev-result-panel,\n  .ev-calculator .ev-chart-card,\n  .ev-calculator .ev-table-card {\n    padding: 14px;\n  }\n}\n@media (max-width: 899px) {\n  .ev-calculator {\n    padding: 20px;\n  }\n  .ev-calculator .ev-workspace {\n    grid-template-columns: minmax(0, 1fr);\n  }\n  .ev-calculator .ev-breakdown-grid {\n    grid-template-columns: repeat(2, minmax(0, 1fr));\n  }\n}\n@media (max-width: 639px) {\n  .ev-calculator {\n    border-left: 0;\n    border-radius: 0;\n    border-right: 0;\n    padding: 16px;\n  }\n  .ev-calculator .ev-toolbar {\n    align-items: stretch;\n    flex-direction: column;\n  }\n  .ev-calculator .ev-button {\n    width: 100%;\n  }\n  .ev-calculator .ev-field-grid,\n  .ev-calculator .ev-result-grid,\n  .ev-calculator .ev-breakdown-grid {\n    grid-template-columns: minmax(0, 1fr);\n  }\n  .ev-calculator .ev-input-panel,\n  .ev-calculator .ev-result-panel,\n  .ev-calculator .ev-chart-card,\n  .ev-calculator .ev-table-card {\n    padding: 16px;\n  }\n  .ev-calculator .ev-primary-value {\n    font-size: 27px;\n  }\n  .ev-calculator .ev-chart-svg {\n    height: 390px;\n  }\n  .ev-calculator .ev-legend-row {\n    grid-template-columns: 12px minmax(0, 1fr) max-content;\n  }\n  .ev-calculator .ev-legend-share {\n    grid-column: 2 \/ 4;\n    padding-left: 0;\n  }\n  .ev-calculator .ev-chart-caption,\n  .ev-calculator .ev-table-note,\n  .ev-calculator .ev-callout {\n    margin-top: 16px;\n  }\n}\n@media (max-width: 359px) {\n  .ev-calculator {\n    padding: 12px;\n  }\n  .ev-calculator .ev-title {\n    font-size: 22px;\n  }\n  .ev-calculator .ev-input-panel,\n  .ev-calculator .ev-result-panel,\n  .ev-calculator .ev-chart-card,\n  .ev-calculator .ev-table-card {\n    padding: 14px;\n  }\n}\n\u003c\/style\u003e\n\u003cdiv class=\"ev-calculator\" data-calculator-root\u003e\n  \u003cheader class=\"ev-header\"\u003e\n    \u003ch2 class=\"ev-title\"\u003eEnterprise Value Calculator\u003c\/h2\u003e\n    \u003cp class=\"ev-subtitle\"\u003eEstimate a company’s enterprise value from equity value, debt, minority interest, preferred stock, and cash using a live acquisition-value bridge.\u003c\/p\u003e\n    \u003cdiv class=\"ev-summary-pills\" aria-label=\"Live summary\"\u003e\n      \u003cspan class=\"ev-pill\"\u003eEnterprise value \u003cstrong data-ev-pill=\"enterprise\"\u003e$250.33M\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"ev-pill\"\u003eNet debt \u003cstrong data-ev-pill=\"net-debt\"\u003e$93.50M\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"ev-pill\"\u003eEV vs. equity \u003cstrong data-ev-pill=\"premium\"\u003e+$93.50M\u003c\/strong\u003e\u003c\/span\u003e\n    \u003c\/div\u003e\n  \u003c\/header\u003e\n\n  \u003cdiv class=\"ev-toolbar\" aria-label=\"Calculator actions\"\u003e\n    \u003cbutton class=\"ev-button ev-download\" type=\"button\" data-ev-action=\"download\"\u003e\n      \u003csvg class=\"ev-button-icon\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"\u003e\n        \u003cpath d=\"M5 3.5h10l4 4V20.5H5z\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linejoin=\"round\"\u003e\u003c\/path\u003e\n        \u003cpath d=\"M15 3.5v4h4M8 12h8M8 16h8\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\"\u003e\u003c\/path\u003e\n      \u003c\/svg\u003e\n      \u003cspan\u003eDownload Excel\u003c\/span\u003e\n    \u003c\/button\u003e\n    \u003cbutton class=\"ev-button ev-reset\" type=\"button\" data-ev-action=\"reset\"\u003eReset\u003c\/button\u003e\n  \u003c\/div\u003e\n\n  \u003cdiv class=\"ev-workspace\"\u003e\n    \u003csection class=\"ev-input-panel\" aria-labelledby=\"ev-input-title\"\u003e\n      \u003ch3 class=\"ev-section-title\" id=\"ev-input-title\"\u003eCompany value inputs\u003c\/h3\u003e\n      \u003cp class=\"ev-section-copy\"\u003eEnter balance-sheet and market values in U.S. dollars. Results update as you type.\u003c\/p\u003e\n      \u003cdiv class=\"ev-field-grid\"\u003e\n        \u003cdiv class=\"ev-field\" data-ev-field=\"marketCap\"\u003e\n          \u003clabel class=\"ev-label\" for=\"ev-market-cap\"\u003eMarket capitalization\u003c\/label\u003e\n          \u003cdiv class=\"ev-input-wrap\"\u003e\n            \u003cinput class=\"ev-input\" id=\"ev-market-cap\" name=\"ev-market-cap\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$156,825,000.00\" aria-describedby=\"ev-market-cap-help ev-market-cap-error\"\u003e\n            \u003cspan class=\"ev-unit\"\u003eUSD\u003c\/span\u003e\n          \u003c\/div\u003e\n          \u003cspan class=\"ev-helper\" id=\"ev-market-cap-help\"\u003eCommon shares outstanding multiplied by current share price.\u003c\/span\u003e\n          \u003cspan class=\"ev-error\" id=\"ev-market-cap-error\"\u003eEnter a valid amount of zero or more.\u003c\/span\u003e\n        \u003c\/div\u003e\n\n        \u003cdiv class=\"ev-field\" data-ev-field=\"debt\"\u003e\n          \u003clabel class=\"ev-label\" for=\"ev-debt\"\u003eValue of debt\u003c\/label\u003e\n          \u003cdiv class=\"ev-input-wrap\"\u003e\n            \u003cinput class=\"ev-input\" id=\"ev-debt\" name=\"ev-debt\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$143,500,000.00\" aria-describedby=\"ev-debt-help ev-debt-error\"\u003e\n            \u003cspan class=\"ev-unit\"\u003eUSD\u003c\/span\u003e\n          \u003c\/div\u003e\n          \u003cspan class=\"ev-helper\" id=\"ev-debt-help\"\u003eInterest-bearing short-term and long-term borrowings.\u003c\/span\u003e\n          \u003cspan class=\"ev-error\" id=\"ev-debt-error\"\u003eEnter a valid amount of zero or more.\u003c\/span\u003e\n        \u003c\/div\u003e\n\n        \u003cdiv class=\"ev-field\" data-ev-field=\"cash\"\u003e\n          \u003clabel class=\"ev-label\" for=\"ev-cash\"\u003eCash and cash equivalents\u003c\/label\u003e\n          \u003cdiv class=\"ev-input-wrap\"\u003e\n            \u003cinput class=\"ev-input\" id=\"ev-cash\" name=\"ev-cash\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$50,000,000.00\" aria-describedby=\"ev-cash-help ev-cash-error\"\u003e\n            \u003cspan class=\"ev-unit\"\u003eUSD\u003c\/span\u003e\n          \u003c\/div\u003e\n          \u003cspan class=\"ev-helper\" id=\"ev-cash-help\"\u003eHighly liquid cash available to offset purchase funding.\u003c\/span\u003e\n          \u003cspan class=\"ev-error\" id=\"ev-cash-error\"\u003eEnter a valid amount of zero or more.\u003c\/span\u003e\n        \u003c\/div\u003e\n\n        \u003cdiv class=\"ev-field\" data-ev-field=\"minority\"\u003e\n          \u003clabel class=\"ev-label\" for=\"ev-minority\"\u003eMinority interest\u003c\/label\u003e\n          \u003cdiv class=\"ev-input-wrap\"\u003e\n            \u003cinput class=\"ev-input\" id=\"ev-minority\" name=\"ev-minority\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$0.00\" aria-describedby=\"ev-minority-help ev-minority-error\"\u003e\n            \u003cspan class=\"ev-unit\"\u003eUSD\u003c\/span\u003e\n          \u003c\/div\u003e\n          \u003cspan class=\"ev-helper\" id=\"ev-minority-help\"\u003eOutside ownership in consolidated subsidiaries.\u003c\/span\u003e\n          \u003cspan class=\"ev-error\" id=\"ev-minority-error\"\u003eEnter a valid amount of zero or more.\u003c\/span\u003e\n        \u003c\/div\u003e\n\n        \u003cdiv class=\"ev-field\" data-ev-field=\"preferred\"\u003e\n          \u003clabel class=\"ev-label\" for=\"ev-preferred\"\u003ePreferred shares\u003c\/label\u003e\n          \u003cdiv class=\"ev-input-wrap\"\u003e\n            \u003cinput class=\"ev-input\" id=\"ev-preferred\" name=\"ev-preferred\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$0.00\" aria-describedby=\"ev-preferred-help ev-preferred-error\"\u003e\n            \u003cspan class=\"ev-unit\"\u003eUSD\u003c\/span\u003e\n          \u003c\/div\u003e\n          \u003cspan class=\"ev-helper\" id=\"ev-preferred-help\"\u003eMarket or redemption value of preferred equity claims.\u003c\/span\u003e\n          \u003cspan class=\"ev-error\" id=\"ev-preferred-error\"\u003eEnter a valid amount of zero or more.\u003c\/span\u003e\n        \u003c\/div\u003e\n      \u003c\/div\u003e\n    \u003c\/section\u003e\n\n    \u003csection class=\"ev-result-panel\" aria-labelledby=\"ev-result-title\"\u003e\n      \u003ch3 class=\"ev-section-title\" id=\"ev-result-title\"\u003eLive valuation result\u003c\/h3\u003e\n      \u003cp class=\"ev-section-copy\"\u003eEnterprise value combines the equity purchase price with claims an acquirer assumes, then subtracts available cash.\u003c\/p\u003e\n      \u003cdiv class=\"ev-primary-result\"\u003e\n        \u003cp class=\"ev-primary-label\"\u003eEnterprise value\u003c\/p\u003e\n        \u003cp class=\"ev-primary-value\" data-ev-output=\"enterprise\"\u003e$250,325,000.00\u003c\/p\u003e\n        \u003cp class=\"ev-primary-context\" data-ev-output=\"interpretation\"\u003eEV is $93.50M above market capitalization because debt and other claims exceed cash.\u003c\/p\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"ev-result-grid\"\u003e\n        \u003cdiv class=\"ev-result-card\"\u003e\n          \u003cp class=\"ev-result-card-label\"\u003eNet debt\u003c\/p\u003e\n          \u003cp class=\"ev-result-card-value\" data-ev-output=\"netDebt\"\u003e$93,500,000.00\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"ev-result-card\"\u003e\n          \u003cp class=\"ev-result-card-label\"\u003eDebt and other claims\u003c\/p\u003e\n          \u003cp class=\"ev-result-card-value\" data-ev-output=\"claims\"\u003e$143,500,000.00\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"ev-result-card\"\u003e\n          \u003cp class=\"ev-result-card-label\"\u003eCash coverage of debt\u003c\/p\u003e\n          \u003cp class=\"ev-result-card-value\" data-ev-output=\"cashCoverage\"\u003e34.84%\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"ev-result-card\"\u003e\n          \u003cp class=\"ev-result-card-label\"\u003eDebt as a share of EV\u003c\/p\u003e\n          \u003cp class=\"ev-result-card-value\" data-ev-output=\"debtShare\"\u003e57.33%\u003c\/p\u003e\n        \u003c\/div\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"ev-formula\" data-ev-output=\"formula\"\u003eEV = $156.83M + $0.00 + $0.00 + $143.50M − $50.00M = $250.33M\u003c\/div\u003e\n      \u003cdiv class=\"ev-visually-hidden\" aria-live=\"polite\" aria-atomic=\"true\" data-ev-live\u003eEnterprise value is $250,325,000.00.\u003c\/div\u003e\n    \u003c\/section\u003e\n  \u003c\/div\u003e\n\n  \u003csection class=\"ev-breakdown\" aria-labelledby=\"ev-breakdown-title\"\u003e\n    \u003ch3 class=\"ev-section-title\" id=\"ev-breakdown-title\"\u003eKey valuation relationships\u003c\/h3\u003e\n    \u003cp class=\"ev-section-copy\"\u003eUse these cross-checks to understand why enterprise value differs from the quoted equity value.\u003c\/p\u003e\n    \u003cdiv class=\"ev-breakdown-grid\"\u003e\n      \u003cdiv class=\"ev-breakdown-item\"\u003e\n        \u003cp class=\"ev-breakdown-label\"\u003eEquity value\u003c\/p\u003e\n        \u003cp class=\"ev-breakdown-value\" data-ev-output=\"equityValue\"\u003e$156.83M\u003c\/p\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"ev-breakdown-item\"\u003e\n        \u003cp class=\"ev-breakdown-label\"\u003eEV premium \/ discount\u003c\/p\u003e\n        \u003cp class=\"ev-breakdown-value\" data-ev-output=\"premium\"\u003e+$93.50M\u003c\/p\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"ev-breakdown-item\"\u003e\n        \u003cp class=\"ev-breakdown-label\"\u003eCash less debt\u003c\/p\u003e\n        \u003cp class=\"ev-breakdown-value\" data-ev-output=\"cashLessDebt\"\u003e-$93.50M\u003c\/p\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"ev-breakdown-item\"\u003e\n        \u003cp class=\"ev-breakdown-label\"\u003eEquity as a share of EV\u003c\/p\u003e\n        \u003cp class=\"ev-breakdown-value\" data-ev-output=\"equityShare\"\u003e62.65%\u003c\/p\u003e\n      \u003c\/div\u003e\n    \u003c\/div\u003e\n  \u003c\/section\u003e\n\n  \u003csection class=\"ev-chart-card\" data-ev-chart-card aria-labelledby=\"ev-chart-title\"\u003e\n    \u003ch3 class=\"ev-section-title\" id=\"ev-chart-title\"\u003eEnterprise value bridge\u003c\/h3\u003e\n    \u003cp class=\"ev-section-copy\" data-ev-chart-intro\u003eThe bridge starts with market capitalization, adds non-common claims, subtracts cash, and ends at enterprise value.\u003c\/p\u003e\n    \u003cdiv class=\"ev-chart-flow\"\u003e\n      \u003cdiv class=\"ev-chart-plot\" data-ev-chart-plot\u003e\n        \u003csvg class=\"ev-chart-svg\" data-ev-chart aria-labelledby=\"ev-chart-svg-title ev-chart-svg-desc\" role=\"img\"\u003e\u003c\/svg\u003e\n        \u003cdiv class=\"ev-chart-empty\" data-ev-chart-empty\u003eEnter values above to see the enterprise value bridge.\u003c\/div\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"ev-legend\" data-ev-legend aria-label=\"Chart legend\"\u003e\u003c\/div\u003e\n      \u003cdiv class=\"ev-chart-caption\" data-ev-chart-caption\u003eDebt is the largest adjustment to equity value in this example, while cash offsets part of the assumed obligations.\u003c\/div\u003e\n    \u003c\/div\u003e\n  \u003c\/section\u003e\n\n  \u003csection class=\"ev-table-card\" data-ev-table-card aria-labelledby=\"ev-table-title\"\u003e\n    \u003ch3 class=\"ev-section-title\" id=\"ev-table-title\"\u003eCalculation detail\u003c\/h3\u003e\n    \u003cp class=\"ev-section-copy\"\u003eThe running total uses the same model data as the result cards, chart, and Excel workbook.\u003c\/p\u003e\n    \u003cdiv class=\"ev-table-overflow\" data-ev-table-wrap\u003e\n      \u003ctable class=\"ev-table\"\u003e\n        \u003cthead\u003e\n          \u003ctr\u003e\n            \u003cth scope=\"col\"\u003eStep\u003c\/th\u003e\n            \u003cth scope=\"col\"\u003eTreatment\u003c\/th\u003e\n            \u003cth scope=\"col\"\u003eAmount\u003c\/th\u003e\n            \u003cth scope=\"col\"\u003eRunning total\u003c\/th\u003e\n          \u003c\/tr\u003e\n        \u003c\/thead\u003e\n        \u003ctbody data-ev-table-body\u003e\u003c\/tbody\u003e\n      \u003c\/table\u003e\n    \u003c\/div\u003e\n    \u003cdiv class=\"ev-table-empty\" data-ev-table-empty\u003eEnter at least one value to build the calculation detail.\u003c\/div\u003e\n    \u003cdiv class=\"ev-table-note\" data-ev-table-note\u003eCash is deducted because cash acquired with the business can reduce the net funding required. The result is a capital-structure measure, not a forecast of the final transaction price.\u003c\/div\u003e\n  \u003c\/section\u003e\n\n  \u003csection class=\"ev-education\"\u003e\n    \u003ch2\u003eWhat does enterprise value estimate?\u003c\/h2\u003e\n    \u003cp\u003eEnterprise value, usually abbreviated as EV, estimates the value of a company’s operating business to all capital providers. Market capitalization looks only at common equity. EV starts with that equity value, adds debt and other senior claims, and subtracts cash and cash equivalents. Analysts use it to compare companies with different financing structures and to build valuation multiples such as EV\/EBITDA, EV\/EBIT, and EV\/revenue.\u003c\/p\u003e\n    \u003cp\u003eThe calculator uses the standard bridge: enterprise value equals market capitalization plus minority interest plus preferred shares plus debt minus cash and cash equivalents. This is a simplified analytical measure. A transaction model may also adjust for leases, pension deficits, investments, restricted cash, tax liabilities, earn-outs, or other debt-like and cash-like items.\u003c\/p\u003e\n\n    \u003ch2\u003eHow should each input be entered?\u003c\/h2\u003e\n    \u003ch3\u003eMarket capitalization\u003c\/h3\u003e\n    \u003cp\u003eEnter the current market value of all outstanding common shares. A common method is shares outstanding multiplied by the share price, using values from the same date. This field is required for a meaningful public-company EV. A higher market capitalization increases EV dollar for dollar. Avoid mixing basic shares with fully diluted shares unless the rest of the analysis is also prepared on a diluted basis. The U.S. Securities and Exchange Commission’s guide to \u003ca class=\"ev-link\" href=\"https:\/\/www.sec.gov\/resources-for-investors\/investor-alerts-bulletins\/how-read-10-k\" target=\"_blank\" rel=\"noopener noreferrer\"\u003ereading a Form 10-K\u003c\/a\u003e can help locate share and balance-sheet disclosures.\u003c\/p\u003e\n\n    \u003ch3\u003eValue of debt\u003c\/h3\u003e\n    \u003cp\u003eEnter interest-bearing borrowings that an acquirer would effectively assume or refinance. Depending on the purpose, this may include current maturities, term loans, revolvers, notes, and bonds. Using book value is common when market value is unavailable, but distressed or deeply discounted debt may require a market-value adjustment. More debt raises EV. Do not automatically include ordinary trade payables, because they are normally part of working capital rather than financing debt.\u003c\/p\u003e\n\n    \u003ch3\u003eCash and cash equivalents\u003c\/h3\u003e\n    \u003cp\u003eEnter cash that is available to the buyer and can offset the funding requirement. More cash reduces EV. Be careful with restricted cash, trapped cash, minimum operating cash, and cash held in jurisdictions where access may be limited. Those amounts may not deserve a full dollar-for-dollar deduction. Financial statement definitions and accounting policies should be checked before treating every liquid-looking balance as freely available cash.\u003c\/p\u003e\n\n    \u003ch3\u003eMinority interest\u003c\/h3\u003e\n    \u003cp\u003eEnter the value of noncontrolling interests in subsidiaries that are consolidated into the company’s financial statements. This adjustment is particularly important when the denominator in a valuation multiple includes 100% of the subsidiary’s revenue or earnings. Adding minority interest keeps the numerator and denominator conceptually aligned. For many companies this field is zero, so it is optional unless the balance sheet shows a material noncontrolling interest.\u003c\/p\u003e\n\n    \u003ch3\u003ePreferred shares\u003c\/h3\u003e\n    \u003cp\u003eEnter the market, liquidation, or redemption value of preferred stock, depending on the analytical convention being used. Preferred equity has a senior claim relative to common equity, so it is added to EV. A zero value is appropriate when no preferred stock exists. Do not confuse preferred stock with common equity or with convertible instruments that have already been included in diluted shares.\u003c\/p\u003e\n\n    \u003ch2\u003eHow are the results interpreted?\u003c\/h2\u003e\n    \u003cp\u003e\u003cstrong\u003eEnterprise value\u003c\/strong\u003e is the primary result. It can be positive, zero, or negative. A positive EV is normal. A negative EV can occur when cash exceeds the combined value of equity, debt, preferred stock, and minority interest; that outcome should prompt a careful review of cash quality, operating losses, and market expectations rather than an automatic conclusion that the company is “free.”\u003c\/p\u003e\n    \u003cp\u003e\u003cstrong\u003eNet debt\u003c\/strong\u003e equals debt minus cash. Positive net debt means borrowings exceed cash, which usually pushes EV above market capitalization. Negative net debt means the company has net cash. \u003cstrong\u003eDebt and other claims\u003c\/strong\u003e combines debt, minority interest, and preferred shares. \u003cstrong\u003eCash coverage of debt\u003c\/strong\u003e shows how much reported cash could cover reported debt. It is not a liquidity forecast and does not account for maturities, covenants, restricted cash, or working-capital needs.\u003c\/p\u003e\n    \u003cp\u003e\u003cstrong\u003eDebt as a share of EV\u003c\/strong\u003e and \u003cstrong\u003eequity as a share of EV\u003c\/strong\u003e are capital-structure indicators. Very high or negative percentages can occur when EV is small or negative, so interpret them with the underlying dollar values. The EV premium or discount to equity equals EV minus market capitalization. A positive figure means debt and other claims exceed cash; a negative figure means cash exceeds those claims.\u003c\/p\u003e\n\n    \u003ch2\u003eHow should the chart and table be used?\u003c\/h2\u003e\n    \u003cp\u003eThe waterfall chart displays the bridge from equity value to EV. Upward bars add claims, the cash bar subtracts available liquidity, and the final bar shows enterprise value. The legend reports the exact amount and each adjustment’s share of the gross positive claims. The detail table presents the same steps with a running total, making it easier to audit the arithmetic or compare the on-page result with an exported workbook.\u003c\/p\u003e\n    \u003cp\u003eWhen testing scenarios, change one assumption at a time. Increasing debt, preferred stock, or minority interest increases EV. Increasing cash decreases EV. Market capitalization changes EV dollar for dollar. A useful control is to confirm that EV minus market capitalization equals debt plus minority interest plus preferred shares minus cash.\u003c\/p\u003e\n\n    \u003ch2\u003eCommon mistakes and practical limits\u003c\/h2\u003e\n    \u003cul\u003e\n      \u003cli\u003eMixing figures from different reporting dates, especially a live share price with an old debt or cash balance.\u003c\/li\u003e\n      \u003cli\u003eSubtracting all cash without considering restricted or operationally required balances.\u003c\/li\u003e\n      \u003cli\u003eIgnoring lease liabilities, pension obligations, investments, or other debt-like and cash-like items when the valuation mandate requires them.\u003c\/li\u003e\n      \u003cli\u003eComparing EV multiples built with inconsistent accounting definitions across companies.\u003c\/li\u003e\n      \u003cli\u003eTreating EV as the final purchase price without considering control premiums, transaction fees, working-capital adjustments, and deal-specific liabilities.\u003c\/li\u003e\n    \u003c\/ul\u003e\n    \u003cp\u003eFor context on market capitalization, review the U.S. Investor.gov \u003ca class=\"ev-link\" href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/market-capitalization\" target=\"_blank\" rel=\"noopener noreferrer\"\u003emarket capitalization glossary\u003c\/a\u003e. For a broader finance reference, see Investopedia’s \u003ca class=\"ev-link\" href=\"https:\/\/www.investopedia.com\/terms\/e\/enterprisevalue.asp\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eenterprise value overview\u003c\/a\u003e. These resources are educational; the calculator does not provide personalized investment, legal, accounting, or tax advice.\u003c\/p\u003e\n  \u003c\/section\u003e\n\u003c\/div\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49909489697011,"sku":"enterprise-value","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/enterprise-value.webp?v=1783935586","url":"https:\/\/financialmodelslab.com\/products\/enterprise-value","provider":"Financial Models Lab","version":"1.0","type":"link"}