The article touches fundamentals in capital markets: Stocks and bonds are essentially the same thing. The way to think about the enterprise value is: How much

The article touches fundamentals in capital markets: Stocks and bonds are essentially the same thing. The way to think about the enterprise value is: How much should I pay in order to gain exclusive control over the company and all its assets. > Imagine a company with 0 market cap and 0 cash, but 100M in debt. That company would be "enterprise valued" at 100M. In this case you would pay 100M to not have any liability to bond holders.