Do people actually calculate market value of debt when calculating WACC? I understand the formula calls for market value of debt but every modeling course I've taken has just used Book Value of Debt. Would this be incorrect to use Book Value of Debt (i.e. Total Debt) on the job?
| +137 | UBS Catastrophic Q1-Q3 26, M&A -17%, Outside Top 10 in Americas, EMEA & APAC | 37 | 1d |
| +59 | PWP acquisition by Piper cancelled | 22 | 2h |
| +29 | Evercore poaches Baird DC Defense Team | 18 | 6h |
| +28 | Houston banking Gods ? | 16 | 2d |
| +21 | Normal for lateral process to go +2 months? | 4 | 1d |
| +21 | Best Houston Banks for Culture in 2026 | 14 | 11h |
| +17 | Lack of talent in IB! | 19 | 2h |
| +17 | Internal lateral from coverage to M&A (focused on coverage) | 4 | 16h |
| +15 | How standard is weekend work in IBD? | 6 | 2d |
| +15 | Discussion Transaction Experience in Lateral Interviews | 3 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Also, if you are supposed to be using MV of debt, how would I calculate this?
Ad qui alias assumenda cumque iste est. Cupiditate et iste animi ea. Vel minus tempora id sit et et assumenda.
Veritatis accusantium ut delectus numquam et eius. Accusamus provident amet molestiae eveniet voluptatem ducimus voluptatem. Et et assumenda minima illo distinctio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...