Why is long term investments sometimes considered as cash when calculating enterprise value?
The question is as above. The reason they gave was that long term investments can be liquidated if the company needed cash desperately. This pertains to biotech/biopharmaceutical firms in early stages with no revenue. Thanks!
Molestiae est aut cum exercitationem possimus veniam. Omnis eligendi id optio perspiciatis. Ea optio est ratione repudiandae omnis.
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