Equities & Valuation · Valuation
Balance Sheet & Cash Flow Statement
What a company owns and owes (assets = liabilities + equity), working capital, and how the cash flow statement reconciles accrual profit to real cash: operating, investing and financing flows, and free cash flow, the number value investors care about most.
Step 1 of 5 · Overview35 min read ·
Key idea
Prereqs: Reading an income statement. Next: Multiples & DCF. Follows CFA Level I FRA, Damodaran's primers and the 'three statements' lesson in Finance Modeling.Next: 1. The balance sheet