easy · Investment Banking

For a company with negative Shareholders' Equity on its balance sheet, which of the following is true regarding its Enterprise Value?

  1. Enterprise Value cannot be determined without a professional appraisal of the physical assets.
  2. Enterprise Value can still be positive and significant because it is based on the market value of equity, not book value.
  3. Enterprise Value must also be negative.
  4. Enterprise Value is equal to the company's Net Debt in this scenario.

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