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Delaware Investments MN Muni Fund II, Enterprise Value

: $149.42 Mil (As of Today)
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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, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Delaware Investments MN Muni Fund II,'s Enterprise Value is $149.42 Mil. Delaware Investments MN Muni Fund II,'s Revenue for the trailing twelve months (TTM) ended in Mar. 2020 was $4.12 Mil. Therefore, Delaware Investments MN Muni Fund II,'s EV-to-Revenue ratio for today is 36.29.


Delaware Investments MN Muni Fund II, Enterprise Value Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Delaware Investments MN Muni Fund II, Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 169.04 167.59 145.88 144.87 141.49

Delaware Investments MN Muni Fund II, Semi-Annual Data
Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 145.88 136.91 144.87 150.83 141.49

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Delaware Investments MN Muni Fund II, Enterprise Value Distribution

* The bar in red indicates where Delaware Investments MN Muni Fund II,'s Enterprise Value falls into.



Delaware Investments MN Muni Fund II, Enterprise Value Calculation

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

Delaware Investments MN Muni Fund II,'s Enterprise Value for the fiscal year that ended in Mar. 2020 is calculated as

Delaware Investments MN Muni Fund II,'s Enterprise Value for the quarter that ended in Mar. 2020 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Delaware Investments MN Muni Fund II,  (AMEX:VMM) Enterprise Value 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-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Delaware Investments MN Muni Fund II,'s EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=149.421/4.117
=36.29

Delaware Investments MN Muni Fund II,'s current Enterprise Value is $149.42 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Delaware Investments MN Muni Fund II,'s EBITDA for the trailing twelve months (TTM) ended in Mar. 2020 was $4.12 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Delaware Investments MN Muni Fund II, Enterprise Value Related Terms


Delaware Investments MN Muni Fund II, Enterprise Value Headlines

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