Interest is hard to take into valuation, agreed. Impossible, or "shouldn't", I disagree. An outstanding loan has a clear NPV (generally larger than the NPV of t

Interest is hard to take into valuation, agreed. Impossible, or "shouldn't", I disagree. An outstanding loan has a clear NPV (generally larger than the NPV of the loaned amount) ... just subtract from the value of the company. But if you do that, most companies come out wildly negative. I wonder if that has something to do with it. Of course there are thousand different loan types and various obligations companies may have that make this a subtle and very involved calculation. But it's certainly not impossible to value them, just hard. And ever since this was provided as an accepted loophole, I hope you can agree with me that it's been exploited a LOT by lots of companies.