Essential Energy Services Ltd T.ESN

Enterprise value

[sunadventurer]

"To calculate the market capitalization if not readily available you would multiply the number of outstanding shares by the current stock price. Next, total all debt on the company's balance sheet including both short-term and long-term debt. Finally, add the market capitalization to the total debt and subtract any cash and cash equivalents from the result."

Many would calcuate EV using inventory as a "cash equivalent" - I find EV calculations vary depending on the person doing them. Each company is unique, so the EV metric itself needs some level of scrunity.

[Torontojay]

Some even use working capital as cash equivalent but its best to go with cash only. I suppose if inventory gets turned over quickly then you can make a reasonable argument to include inventory as cash equivalent. As of Dec 12th I calculated the enterprise value of esn to be about 2.38 times ebitda. I have no reason why this should be the case other than the grim outlook for oil stocks. I'm