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      "text": "In general, we only need to add Debt and subtract Cash from Equity Value. Therefore, you can just say that formula by default in interviews.",
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      "text": "Financial Modeling Course References: Course 3, Lessons 2-3 (Valuation; Enterprise Value vs. Equity Value) Course 3, Lesson 12 (Enterprise Value) Course 3, Lesson 13 (Debt) Course 3, Lesson 14 (Cash & Cash Equivalents)",
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      "text": "118. Are there other items that can go into the Equity Value/Enterprise Value formula? / Is there a more wholesome Enterprise Value formula? \"Yes, some other items that can go into Equity Value/Enterprise Value formula are Marketable Securities, NPV of Tax Shield, Equity Investments, Unfunded Pension, Preferred Stock, and Non-Controlling Interest.\"",
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      "text": "117. Walk me from Stock Price to Enterprise Value. \"Starting with the Stock Price, we multiply Shares Outstanding to get Equity Value (also known as Market Capitalization). Then we add Debt and subtract Cash to calculate Enterprise Value.\"",
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      "text": "115. Where do you get the cash and debt numbers from? \"You get the cash and debt numbers from the company's Balance Sheet.\"",
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      "text": "116. How do you calculate Equity Value? \"Method 1: Equity Value = Enterprise Value + Cash - Debt Method 2: Stock Price x Shares Outstanding\"",
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      "text": "II. Enterprise Value & Equity Value A. General Understanding",
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