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Kayne Anderson Energy Development Company (NYSE:KED)
Enterprise Value
$0.00 Mil (As of Today)

Think of enterprise value as the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents.

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Kayne Anderson Energy Development Company's enterprise value is $0.00 Mil. Kayne Anderson Energy Development Company's operating income for the trailing twelve months (TTM) ended in Feb. 2012 was $5.34 Mil. Therefore, Kayne Anderson Energy Development Company's EV/EBIT ratio for today is 0.00.

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Kayne Anderson Energy Development Company's enterprise value is $0.00 Mil. Kayne Anderson Energy Development Company's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Feb. 2012 was $5.34 Mil. Therefore, Kayne Anderson Energy Development Company's EV/EBITDA ratio for today is 0.00.

EV/Revenue ratio is calculated as enterprise value divided by its Revenue. As of today, Kayne Anderson Energy Development Company's enterprise value is $0.00 Mil. Kayne Anderson Energy Development Company's revenue for the trailing twelve months (TTM) ended in Feb. 2012 was $12.70 Mil. Therefore, Kayne Anderson Energy Development Company's EV/Revenue ratio for today is 0.00.


Definition

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents.

Kayne Anderson Energy Development Company's Enterprise Value for the fiscal year that ended in Nov. 2011 is calculated as

Enterprise Value (A: Nov. 2011 )
=Market Cap+Preferred Stock+Long-Term Debt
=208.9714+0+77
+Short-Term Debt Without Lease+Minority Interest-Cash and Cash Equivalents
+0+0-1.517
=284.45

Kayne Anderson Energy Development Company's Enterprise Value for the quarter that ended in Feb. 2012 is calculated as

Enterprise Value (Q: Feb. 2012 )
=Market Cap+Preferred Stock+Long-Term Debt
=244.0816+0+77
+Short-Term Debt Without Lease+Minority Interest-Cash and Cash Equivalents
+0+0-3.189
=317.89

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of enterprise value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV/EBIT ratio is calculated as enterprise value divided by its EBIT.

Kayne Anderson Energy Development Company's EV/EBIT for today is

EV/EBIT ratio=Enterprise Value (Today)/Operating Income (TTM)
=0.000/5.343
=0.00

Kayne Anderson Energy Development Company's current Enterprise Value is $0.00 Mil.
Kayne Anderson Energy Development Company's Operating Income for the trailing twelve months (TTM) ended in Feb. 2012 was 2.915 (May. 2011 ) + 0.518 (Aug. 2011 ) + 1.033 (Nov. 2011 ) + 0.877 (Feb. 2012 ) = $5.34 Mil.

2. EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA.

Kayne Anderson Energy Development Company's EV/EBITDA for today is:

Kayne Anderson Energy Development Company's current Enterprise Value is $0.00 Mil.
Kayne Anderson Energy Development Company's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Feb. 2012 was 2.915 (May. 2011 ) + 0.518 (Aug. 2011 ) + 1.033 (Nov. 2011 ) + 0.877 (Feb. 2012 ) = $5.34 Mil.

3. EV/Revenue ratio is calculated as enterprise value divided by its Revenue.

Kayne Anderson Energy Development Company's EV/Revenue for today is:

EV/Revenue ratio=Enterprise Value (Today)/Revenue (TTM)
=0.000/12.699
=0.00

Kayne Anderson Energy Development Company's current Enterprise Value is $0.00 Mil.
Kayne Anderson Energy Development Company's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Feb. 2012 was 4.789 (May. 2011 ) + 2.411 (Aug. 2011 ) + 2.762 (Nov. 2011 ) + 2.737 (Feb. 2012 ) = $12.70 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Market Cap, Preferred Stock, Long-Term Debt, Cash and Cash Equivalents


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Kayne Anderson Energy Development Company Annual Data

Nov07Nov08Nov09Nov10Nov11
ev 0.000.000.000.000.000.000.000.000.00284.45

Kayne Anderson Energy Development Company Quarterly Data

Nov09Feb10May10Aug10Nov10Feb11May11Aug11Nov11Feb12
ev 0.000.000.00195.060.000.00261.19281.97284.45317.89
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