
Enterprise value vs equity value: build the valuation bridge
Work out what each measure values, classify debt, cash and other claims, and bridge between enterprise value and a per-share equity value with checked answers.
Practical guides to Excel and financial modelling. Work through the details, understand the mistakes, and build with more confidence.

Work out what each measure values, classify debt, cash and other claims, and bridge between enterprise value and a per-share equity value with checked answers.

Diagnose a total that silently ignores text-stored amounts, convert the amount column with VALUE or Paste Special, and keep leading-zero account codes intact.

Calculate NPV in Excel from a small project schedule, see why the time-zero payment belongs outside the NPV function, and compare periodic NPV with dated XNPV.

Calculate a loan payment with Excel's PMT function, keep the sign and rate-period conventions straight, and reconcile every payment into interest and principal.

Build a two-year retained earnings roll-forward with a profit year and a loss year, catch a dividend sign error and reconcile the result to balance-sheet equity.

Compare SUMIF and SUMIFS on a small invoice ledger: entity and status totals, January date boundaries, silent argument-order zeros and a reconciliation check.