medium · Investment Banking

If a company has a negative Enterprise Value, what does this most likely imply about its financial position?

  1. The company posts negative EBITDA and trades on a revenue multiple
  2. The company's total liabilities significantly exceed its total assets on the books
  3. The company is in bankruptcy proceedings and its stock price has collapsed to zero
  4. The company has a cash balance that exceeds its total market capitalization and debt

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