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Kayne Anderson Energy Development Company (NYSE:KED)
Market Cap
$374.50 Mil (As of Today)

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding. Kayne Anderson Energy Development Company's share price for the quarter that ended in Feb. 2012 was $23.56. Kayne Anderson Energy Development Company's shares outstanding for the quarter that ended in Feb. 2012 was 10.36 Mil. Therefore, Kayne Anderson Energy Development Company's market cap for the quarter that ended in Feb. 2012 was $374.50 Mil.

Kayne Anderson Energy Development Company's quarterly market cap declined from Aug. 2011 ($211.97 Mil) to Nov. 2011 ($208.97 Mil) but then increased from Nov. 2011 ($208.97 Mil) to Feb. 2012 ($244.08 Mil).

Kayne Anderson Energy Development Company's annual market cap stayed the same from Nov. 2009 ($0.00 Mil) to Nov. 2010 ($0.00 Mil) but then increased from Nov. 2010 ($0.00 Mil) to Nov. 2011 ($208.97 Mil).

Enterprise value is 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. Kayne Anderson Energy Development Company's enterprise value for Today is $374.29 Mil.


Definition

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

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

Market Cap (A: Nov. 2011 )=Share Price (A: Nov. 2011 )*Shares Outstanding (A: Nov. 2011 )
=20.21*10.34
=208.97

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

Market Cap (Q: Feb. 2012 )=Share Price (Q: Feb. 2012 )*Shares Outstanding (Q: Feb. 2012 )
=23.56*10.36
=244.08

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


Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Related Terms

Shares Outstanding


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
mktcap 0.000.000.000.000.000.000.000.000.00208.97

Kayne Anderson Energy Development Company Quarterly Data

Nov09Feb10May10Aug10Nov10Feb11May11Aug11Nov11Feb12
mktcap 0.000.000.00149.400.000.00199.20211.97208.97244.08
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