Enterprise Value is a firm valuation proxy that approximates current market value of a company. It is typically used to determine takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that company has on its balance sheet. When takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Roc Oil Current Valuation Assessment
In accordance with recently published financial statements Roc Oil Company Limited has Current Valuation of 263 M. This is 99.66% lower than that of Basic Materials sector, and 98.75% lower than that of Independent Oil and Gas industry, The Current Valuation for all stocks is 99.82% higher than the company.
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Roc Oil Company Limited is rated below average in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Independent Oil and Gas industry is at this time estimated at about 73.71 Billion. Roc Oil adds roughly 263 Million in current valuation claiming only tiny portion of equities under Independent Oil and Gas industry.
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