End Game

Variable
Number of firms
Beta

ROE

Cost of Equity
(ROE - COE)

BV of Equity

Equity EVA

ROC

Cost of Capital

(ROC - Cost of Capital)

BV of Capital

EVA
To estimate how much firms earn on their investments, relative to what they need to earn to break

Explanation
Number of firms in the indusry grouping.
Average regression beta across companies in the group.
Aggregated Net Income , across all firms in group, using trailing 12 month
data/ Aggregated Book Value of equity, across all firms in group, using
most recent balance sheet.

Risk free Rate + Beta * Equity Risk Premium

ROE - Cost of Equity, across the sector
Aggregated Book Value of Equity, in most recent balance sheet, across all
firms in the group (in milliona of dollars)
(ROE - Cost of Equity)* BV of Equity, defined as above (in $ millions)
Aggregated Operating income , across all firms in group, using trailing 12
month data (1- Effective Tax Rate)/ (BV of Equity + BV of Debt - Cash),
across all firms in group, using most recent balance sheet.

Cost of Equity * (Equity/ (Debt + Equity)) + Cost of Debt (1- Marginal tax
rate) *(Debt/ (Debt + Equity)), with aggregated debt and market equity
values across all companies in the sector, using most recent balance sheet
for debt and most recent year-end for equity.

ROE - Cost of Equity, across the sector

(Book Value of Equity + BV of Debt - Cash), aggregated across all firms in
the group, in most recent balance sheet.
(ROE - Cost of Equity)* BV of Equity, defined as above (in $ millions)
, relative to what they need to earn to break even, given the risk.

Why?
Law of large numbers?
Relative risk of sector
Measure of returns earned by equity investors on equity invested in existing projects.

Required return on equity, given equity risk (beta).

Excess percent returns earned by equity investors
Measure of equity invested in existing assets

Excess dollar returns earned by equity investors

Measure of returns earned by investors (equity and debt) collectively on capital invested in existing
projects.

Required return on invested capital, given equity risk (beta).

Excess percent returns earned by all investors

Measure of capital invested in existing assets

Excess dollar returns earned by all investors

Date updated: 5-Jan-21
Created by: Aswath Damodaran, adamodar@stern.nyu.edu
What is this data? Excess Returns (equity and firm) in percent and (millions of) dollar terms
Home Page: http://www.damodaran.com
Data website: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html
Companies in each industry: http://www.stern.nyu.edu/~adamodar/pc/datasets/indname.xls
Variable definitions: http://www.stern.nyu.edu/~adamodar/New_Home_Page/datafile/variab
To update this spreadsheet, enter the following
Long Term Treasury bond rate = 0.93%
Risk Premium to Use for Equity = 4.72%
Country Default Spread to use for debt = 0.00%

Do you want to use the marginal tax rate? Yes

Marginal tax rate = 27.00%

Industry Name Number of Firms Beta

Advertising 61 1.08
Aerospace/Defense 72 1.07
Air Transport 17 1.61
Apparel 51 1.10
Auto & Truck 19 1.28
Auto Parts 52 1.20
Bank (Money Center) 7 0.83
Banks (Regional) 598 0.64
Beverage (Alcoholic) 23 0.78
Beverage (Soft) 41 0.79
Broadcasting 29 1.13
Brokerage & Investment Banking 39 1.13
Building Materials 42 1.09
Business & Consumer Services 169 0.93
Cable TV 13 0.94
Chemical (Basic) 48 0.99
Chemical (Diversified) 5 1.36
Chemical (Specialty) 97 0.93
Coal & Related Energy 29 0.83
Computer Services 116 1.12
Computers/Peripherals 52 1.18
Construction Supplies 46 1.02
Diversified 29 1.02
Drugs (Biotechnology) 547 0.89
Drugs (Pharmaceutical) 287 0.91
Education 38 1.15
Electrical Equipment 122 1.06
Electronics (Consumer & Office) 22 0.96
Electronics (General) 157 0.89
Engineering/Construction 61 1.06
Entertainment 118 0.88
Environmental & Waste Services 86 0.95
Farming/Agriculture 32 0.87
Financial Svcs. (Non-bank & Insurance) 235 0.80
Food Processing 101 0.64
Food Wholesalers 18 1.03
Furn/Home Furnishings 40 0.88
Green & Renewable Energy 25 0.98
Healthcare Products 265 0.83
Healthcare Support Services 129 0.85
Heathcare Information and Technology 139 0.79
Homebuilding 30 1.46
Hospitals/Healthcare Facilities 32 1.28
Hotel/Gaming 66 1.56
Household Products 140 0.73
Information Services 77 1.01
Insurance (General) 21 0.68
Insurance (Life) 26 0.98
Insurance (Prop/Cas.) 55 0.64
Investments & Asset Management 348 0.93
Machinery 125 1.05
Metals & Mining 86 0.90
Office Equipment & Services 22 1.00
Oil/Gas (Integrated) 3 1.26
Oil/Gas (Production and Exploration) 278 1.18
Oil/Gas Distribution 57 1.16
Oilfield Svcs/Equip. 135 1.21
Packaging & Container 26 0.92
Paper/Forest Products 15 1.14
Power 55 0.67
Precious Metals 93 0.76
Publishing & Newspapers 29 1.41
R.E.I.T. 238 1.21
Real Estate (Development) 25 0.85
Real Estate (General/Diversified) 11 0.78
Real Estate (Operations & Services) 61 0.92
Recreation 69 0.87
Reinsurance 2 1.16
Restaurant/Dining 79 1.34
Retail (Automotive) 30 1.30
Retail (Building Supply) 15 1.54
Retail (Distributors) 85 0.97
Retail (General) 17 0.90
Retail (Grocery and Food) 14 0.24
Retail (Online) 75 1.16
Retail (Special Lines) 85 1.28
Rubber& Tires 3 1.09
Semiconductor 70 1.00
Semiconductor Equip 40 1.07
Shipbuilding & Marine 11 1.04
Shoe 11 0.98
Software (Entertainment) 101 0.96
Software (Internet) 36 0.77
Software (System & Application) 388 0.91
Steel 32 0.95
Telecom (Wireless) 16 0.53
Telecom. Equipment 96 0.87
Telecom. Services 58 0.66
Tobacco 15 0.72
Transportation 21 0.91
Transportation (Railroads) 6 0.84
Trucking 35 1.11
Utility (General) 16 0.74
Utility (Water) 17 0.73
Total Market 7582 0.94
Total Market (without financials) 6253 0.98
0 0 0.00
@stern.nyu.edu
) in percent and (millions of) dollar terms US companies

amodar/New_Home_Page/data.html
amodar/pc/datasets/indname.xls
amodar/New_Home_Page/datafile/variable.htm

ROE Cost of Equity (ROE - COE)

2.93% 6.01% -3.08%
8.54% 5.96% 2.58%
-47.03% 8.52% -55.55%
-8.19% 6.11% -14.30%
4.49% 6.98% -2.50%
-14.31% 6.61% -20.92%
7.41% 4.84% 2.58%
8.22% 3.97% 4.24%
10.10% 4.60% 5.50%
28.86% 4.66% 24.19%
0.24% 6.26% -6.02%
12.08% 6.27% 5.80%
20.54% 6.07% 14.47%
6.81% 5.30% 1.50%
11.47% 5.38% 6.09%
-1.82% 5.62% -7.44%
13.25% 7.36% 5.89%
2.50% 5.30% -2.80%
-41.66% 4.84% -46.50%
13.50% 6.20% 7.30%
 50.53% 6.52% 44.01%
13.20% 5.75% 7.45%
10.62% 5.77% 4.85%
-1.19% 5.11% -6.30%
18.98% 5.22% 13.76%
-5.66% 6.35% -12.01%
17.67% 5.93% 11.74%
-4.89% 5.44% -10.32%
6.67% 5.11% 1.56%
2.54% 5.92% -3.38%
-2.87% 5.10% -7.96%
6.21% 5.43% 0.78%
14.03% 5.06% 8.97%
64.28% 4.69% 59.59%
10.12% 3.93% 6.18%
-5.03% 5.81% -10.84%
13.37% 5.10% 8.27%
-20.59% 5.56% -26.15%
10.55% 4.86% 5.68%
16.60% 4.95% 11.65%
14.11% 4.66% 9.45%
17.70% 7.82% 9.89%
70.64% 6.99% 63.65%
-30.40% 8.32% -38.72%
31.60% 4.38% 27.22%
14.35% 5.70% 8.65%
1.49% 4.15% -2.66%
5.61% 5.54% 0.07%
9.19% 3.97% 5.23%
12.35% 5.32% 7.03%
12.65% 5.88% 6.77%
2.67% 5.20% -2.52%
6.36% 5.65% 0.71%
-6.19% 6.88% -13.07%
-37.09% 6.52% -43.60%
1.28% 6.39% -5.11%
-26.63% 6.63% -33.26%
9.76% 5.28% 4.48%
4.69% 6.30% -1.61%
7.69% 4.08% 3.61%
 8.27% 4.50% 3.77%
-14.18% 7.58% -21.76%
2.17% 6.62% -4.45%
-0.13% 4.94% -5.07%
2.00% 4.62% -2.61%
4.71% 5.28% -0.56%
-7.19% 5.02% -12.21%
2.42% 6.42% -4.00%
NA 7.28% #VALUE!
36.28% 7.06% 29.22%
0.27% 8.22% -7.95%
9.67% 5.51% 4.16%
20.64% 5.17% 15.47%
30.63% 2.07% 28.55%
27.05% 6.42% 20.63%
-0.64% 6.98% -7.62%
-25.69% 6.09% -31.78%
22.13% 5.66% 16.47%
32.23% 5.98% 26.25%
-5.70% 5.82% -11.51%
23.70% 5.57% 18.13%
17.71% 5.46% 12.26%
-11.23% 4.58% -15.81%
28.09% 5.23% 22.85%
-2.84% 5.43% -8.27%
8.91% 3.44% 5.47%
17.10% 5.03% 12.07%
11.27% 4.04% 7.23%
-0.23% 4.34% -4.57%
22.77% 5.21% 17.56%
21.47% 4.92% 16.56%
-17.70% 6.18% -23.87%
7.49% 4.42% 3.06%
8.25% 4.39% 3.85%
8.25% 5.37% 2.87%
7.78% 5.55% 2.23%
companies
YouTube Video Guide

Cost of Debt Lookup Table (based on std dev in

Standard Deviation Default Spread
0 0.25 0.99%
0.25 0.4 1.65%
0.4 0.65 2.07%
0.65 0.75 3.16%
0.75 0.9 6.61%
0.9 1 8.34%
1 10 10.06%

Equity EVA (US $

BV of Equity millions) ROC Cost of Capital (ROC - WACC)
$ 3,751.89 $ (115.44) 51.51% 4.34% 47.17%
$ 112,721.59 $ 2,913.23 19.11% 4.65% 14.47%
$ 54,971.13 $ (30,535.03) -16.07% 3.68% -19.74%
$ 28,315.62 $ (4,049.61) 7.54% 4.58% 2.96%
$ 90,672.11 $ (2,263.55) 1.17% 5.23% -4.06%
$ 23,728.98 $ (4,964.39) 6.46% 5.45% 1.01%
$ 878,241.30 $ 22,627.25 -0.01% 1.99% -2.01%
$ 493,520.81 $ 20,937.95 -0.08% 2.72% -2.80%
$ 27,670.49 $ 1,521.83 14.43% 3.86% 10.57%
$ 61,972.67 $ 14,992.74 26.74% 3.96% 22.78%
$ 39,194.21 $ (2,359.71) 16.92% 3.20% 13.73%
$ 192,135.79 $ 11,151.21 0.00% 2.43% -2.44%
$ 21,900.49 $ 3,169.19 24.17% 4.95% 19.22%
$ 46,445.40 $ 698.82 18.33% 4.39% 13.94%
$ 144,159.30 $ 8,772.18 11.09% 3.77% 7.31%
$ 39,010.40 $ (2,901.00) 9.53% 3.86% 5.66%
$ 9,619.88 $ 566.75 5.93% 4.91% 1.02%
$ 148,941.12 $ (4,175.59) 11.84% 4.37% 7.47%
$ 6,873.29 $ (3,196.11) -7.50% 2.82% -10.31%
$ 74,275.69 $ 5,419.29 22.98% 4.63% 18.35%
$ 123,867.70 $ 54,516.49 27.82% 6.02% 21.80%
$ 65,499.64 $ 4,882.40 9.93% 4.44% 5.49%
$ 484,944.80 $ 23,537.71 13.44% 4.60% 8.84%
$ 121,820.24 $ (7,675.60) 6.22% 4.52% 1.70%
$ 206,977.01 $ 28,484.45 20.31% 4.52% 15.79%
$ 13,672.18 $ (1,642.01) 9.89% 5.24% 4.65%
$ 29,468.26 $ 3,459.15 22.12% 5.23% 16.89%
$ 1,351.08 $ (139.50) 4.66% 5.03% -0.37%
$ 56,362.76 $ 879.29 11.08% 4.58% 6.50%
$ 35,782.83 $ (1,209.24) 14.85% 4.76% 10.09%
$ 138,269.14 $ (11,011.34) 7.96% 4.51% 3.45%
$ 33,233.02 $ 257.68 19.19% 4.48% 14.71%
$ 43,870.00 $ 3,935.41 9.12% 3.70% 5.43%
$ 73,274.18 $ 43,664.23 0.40% 1.08% -0.68%
$ 154,675.05 $ 9,565.72 17.53% 3.13% 14.41%
$ 10,478.57 $ (1,135.78) 8.89% 3.97% 4.92%
$ 15,952.21 $ 1,319.44 14.59% 3.98% 10.62%
$ 6,638.65 $ (1,736.22) 6.89% 3.66% 3.24%
$ 186,421.28 $ 10,597.33 13.22% 4.46% 8.76%
$ 263,118.02 $ 30,660.25 35.27% 3.92% 31.35%
$ 79,554.89 $ 7,515.59 16.35% 4.23% 12.12%
$ 60,114.20 $ 5,942.72 13.58% 6.06% 7.52%
$ 6,305.97 $ 4,013.89 13.18% 3.84% 9.33%
$ 73,031.71 $ (28,277.54) -5.24% 5.54% -10.77%
$ 66,706.59 $ 18,158.17 34.99% 3.90% 31.09%
$ 190,343.56 $ 16,464.88 24.34% 5.27% 19.07%
$ 118,899.15 $ (3,165.84) 9.26% 3.14% 6.11%
$ 263,427.00 $ 176.80 4.33% 2.89% 1.44%
$ 163,443.60 $ 8,544.29 10.74% 3.31% 7.43%
$ 177,694.77 $ 12,493.56 7.24% 3.87% 3.36%
$ 82,184.38 $ 5,565.38 21.42% 5.02% 16.40%
$ 26,123.17 $ (658.78) 10.75% 4.33% 6.42%
$ 5,543.58 $ 39.44 12.84% 4.04% 8.80%
$ 372,074.00 $ (48,625.06) -2.33% 4.98% -7.32%
$ 267,093.62 $ (116,456.13) -6.33% 4.07% -10.40%
$ 180,275.95 $ (9,212.01) 9.01% 3.17% 5.84%
$ 180,234.76 $ (59,948.56) 1.29% 4.03% -2.74%
$ 39,510.85 $ 1,769.70 12.25% 3.65% 8.60%
$ 6,516.40 $ (104.93) 8.38% 4.77% 3.61%
$ 323,270.93 $ 11,672.55 6.80% 2.59% 4.22%
$ 26,842.82 $ 1,010.85 9.87% 4.07% 5.80%
$ 16,089.30 $ (3,501.20) 10.48% 5.16% 5.32%
$ 523,421.31 $ (23,305.92) 2.05% 4.04% -1.99%
$ 4,247.20 $ (215.12) -1.41% 2.86% -4.28%
$ 1,832.40 $ (47.89) 1.96% 3.73% -1.77%
$ 18,689.30 $ (105.27) 7.97% 3.94% 4.03%
$ 11,341.55 $ (1,385.08) 8.65% 4.17% 4.49%
$ 20,352.40 $ (813.66) 3.74% 4.82% -1.08%
$ (15,039.65) #VALUE! 7.24% 5.61% 1.63%
$ 17,842.51 $ 5,213.15 10.10% 4.94% 5.16%
$ 6,418.00 $ (510.42) 37.47% 7.07% 30.41%
$ 45,229.38 $ 1,880.91 11.67% 4.00% 7.68%
$ 129,191.90 $ 19,982.67 14.67% 4.38% 10.29%
$ 16,301.25 $ 4,654.62 9.63% 1.40% 8.23%
$ 79,270.05 $ 16,353.40 11.04% 6.04% 5.00%
$ 66,656.11 $ (5,080.14) 5.29% 4.93% 0.36%
$ 6,045.36 $ (1,921.21) 0.01% 2.65% -2.64%
$ 214,763.99 $ 35,379.01 17.39% 5.22% 12.17%
$ 29,724.34 $ 7,803.38 27.89% 5.59% 22.30%
$ 6,665.50 $ (767.40) 3.74% 3.85% -0.11%
$ 14,416.80 $ 2,613.80 20.90% 5.26% 15.64%
$ 317,151.69 $ 38,880.25 14.73% 5.33% 9.40%
$ 8,881.07 $ (1,403.90) 6.66% 4.26% 2.40%
$ 251,412.71 $ 57,459.91 22.28% 4.95% 17.32%
$ 35,499.00 $ (2,934.91) 5.81% 3.84% 1.97%
$ 36,951.51 $ 2,022.73 10.22% 2.46% 7.76%
$ 62,115.24 $ 7,495.42 21.80% 4.47% 17.33%
$ 258,937.76 $ 18,715.06 13.78% 2.51% 11.26%
$ 443.72 $ (20.27) 45.33% 3.49% 41.84%
$ 35,456.52 $ 6,224.41 13.32% 4.12% 9.20%
$ 49,986.90 $ 8,276.40 12.97% 4.14% 8.83%
$ 45,429.66 $ (10,845.56) -4.04% 4.79% -8.83%
$ 138,319.50 $ 4,238.05 6.79% 2.82% 3.96%
$ 12,878.13 $ 496.10 6.05% 3.32% 2.73%
$ 9,739,913.11 $ 279,782.05 6.05% 3.84% 2.21%
$ 7,379,276.51 $ 164,372.42 10.58% 4.57% 6.01%
$ -
Debt Lookup Table (based on std dev in stock prices)

BV of Capital EVA (US $ millions) E/(D+E) Std Dev in Stock Cost of Debt Tax Rate
$ 6,177.15 $ 2,913.78 56.34% 57.74% 3.00% 3.35%
$ 148,280.66 $ 21,452.71 75.16% 34.89% 0.93% 7.37%
$ 116,912.10 $ (23,083.89) 38.26% 46.15% 0.93% 6.00%
$ 43,929.97 $ 1,302.27 71.74% 47.84% 0.93% 4.75%
$ 390,990.30 $ (15,857.19) 72.12% 45.24% 0.93% 7.86%
$ 41,867.45 $ 423.06 80.40% 43.16% 0.93% 7.35%
$ 2,173,051.73 $ (43,617.33) 31.63% 21.59% 0.93% 16.16%
$ 712,163.55 $ (19,964.35) 62.02% 19.48% 0.93% 16.42%
$ 36,587.65 $ 3,867.71 81.03% 37.01% 0.93% 5.33%
$ 92,215.30 $ 21,006.24 82.24% 49.70% 0.93% 3.32%
$ 77,174.76 $ 10,593.05 45.10% 45.56% 0.93% 9.26%
$ 845,312.88 $ (20,590.82) 31.36% 35.90% 0.93% 9.75%
$ 34,285.63 $ 6,589.62 79.18% 33.99% 0.93% 15.15%
$ 59,386.87 $ 8,279.84 80.18% 45.65% 0.93% 7.43%
$ 256,895.79 $ 18,789.25 65.81% 32.02% 0.93% 18.97%
$ 73,189.03 $ 4,144.21 64.47% 48.06% 0.93% 2.98%
$ 19,211.92 $ 195.91 63.25% 36.16% 0.93% 1.25%
$ 162,494.17 $ 12,143.54 79.77% 38.54% 0.93% 6.43%
$ 10,350.41 $ (1,067.28) 51.38% 42.27% 0.93% 0.00%
$ 91,526.09 $ 16,793.26 71.56% 45.89% 0.93% 5.55%
$ 277,589.52 $ 60,508.14 91.45% 42.87% 0.93% 3.71%
$ 122,333.93 $ 6,718.17 74.20% 33.39% 0.93% 10.79%
$ 533,428.07 $ 47,176.02 77.08% 29.94% 0.93% 6.52%
$ 318,351.30 $ 5,416.06 86.58% 50.10% 0.93% 0.52%
$ 341,882.82 $ 53,990.76 84.62% 55.45% 0.93% 1.88%
$ 13,755.75 $ 639.83 80.43% 55.73% 0.93% 4.02%
$ 37,846.58 $ 6,392.85 86.69% 55.12% 0.93% 4.44%
$ 2,370.01 $ (8.66) 91.32% 54.91% 0.93% 1.05%
$ 72,338.92 $ 4,703.80 88.12% 43.87% 0.93% 6.11%
$ 31,899.57 $ 3,217.69 77.98% 42.04% 0.93% 9.31%
$ 123,875.29 $ 4,274.28 86.81% 68.06% 0.93% 0.53%
$ 35,956.26 $ 5,289.88 79.87% 50.43% 0.93% 2.69%
$ 109,540.19 $ 5,944.01 68.94% 45.30% 0.93% 6.45%
$ 6,254,925.21 $ (42,733.57) 10.04% 27.74% 0.93% 12.91%
$ 165,637.21 $ 23,860.42 75.18% 32.56% 0.93% 8.56%
$ 24,826.67 $ 1,220.51 64.10% 58.03% 0.93% 0.52%
$ 24,524.91 $ 2,604.08 74.59% 40.52% 0.93% 4.79%
$ 14,485.29 $ 468.84 60.95% 56.04% 0.93% 1.74%
$ 187,064.90 $ 16,383.23 90.34% 46.19% 0.93% 2.57%
$ 215,209.01 $ 67,474.99 75.93% 44.49% 0.93% 5.65%
$ 85,007.15 $ 10,302.19 89.21% 42.45% 0.93% 4.16%
$ 86,196.10 $ 6,482.13 75.34% 36.56% 0.93% 15.91%
$ 79,679.26 $ 7,437.22 50.15% 49.21% 0.93% 8.16%
$ 188,946.30 $ (20,353.61) 63.60% 43.69% 0.93% 2.02%
$ 89,217.17 $ 27,740.41 87.07% 54.66% 0.93% 5.06%
$ 151,818.80 $ 28,949.07 91.44% 42.37% 0.93% 9.75%
$ 151,009.27 $ 9,229.02 71.02% 30.12% 0.93% 12.61%
$ 375,256.46 $ 5,421.53 45.47% 30.68% 0.93% 15.12%
$ 203,506.25 $ 15,120.39 79.96% 22.93% 0.93% 10.86%
$ 248,200.46 $ 8,347.99 68.86% 28.85% 0.93% 4.64%
$ 88,749.32 $ 14,554.21 83.58% 34.28% 0.93% 8.81%
$ 43,934.34 $ 2,822.36 80.74% 67.84% 0.93% 1.70%
$ 9,183.40 $ 807.81 67.65% 31.11% 0.93% 13.20%
$ 495,867.66 $ (36,278.66) 69.40% 26.39% 0.93% 8.54%
$ 408,084.54 $ (42,438.74) 58.11% 56.28% 0.93% 0.68%
$ 443,426.69 $ 25,915.59 43.54% 40.78% 0.93% 4.55%
$ 232,524.83 $ (6,370.81) 56.36% 50.27% 0.93% 1.19%
$ 87,817.95 $ 7,555.40 64.47% 29.22% 0.93% 15.67%
$ 9,089.52 $ 327.92 72.71% 35.67% 0.93% 5.94%
$ 733,438.13 $ 30,919.36 56.15% 19.86% 0.93% 9.91%
$ 30,468.96 $ 1,767.54 88.74% 67.76% 0.93% 1.08%
$ 17,381.53 $ 925.40 64.93% 37.47% 0.93% 5.76%
$ 1,550,869.91 $ (30,897.91) 56.58% 32.40% 0.93% 1.26%
$ 7,997.69 $ (342.17) 51.36% 60.70% 0.93% 2.84%
$ 2,164.25 $ (38.29) 77.39% 20.99% 0.93% 7.34%
$ 28,166.40 $ 1,134.14 71.03% 34.72% 0.93% 4.38%
$ 27,033.33 $ 1,212.70 80.32% 56.40% 0.93% 5.78%
$ 22,386.12 $ (241.35) 72.19% 25.23% 0.93% 12.57%
$ 95,236.29 $ 1,548.43 74.79% 53.63% 0.93% 3.19%
$ 80,742.57 $ 4,167.87 66.79% 42.82% 0.93% 11.65%
$ 69,279.55 $ 21,065.97 84.69% 40.60% 0.93% 13.48%
$ 94,798.77 $ 7,278.57 68.62% 41.97% 0.93% 12.21%
$ 233,154.16 $ 23,993.52 82.41% 38.91% 0.93% 12.48%
$ 55,155.82 $ 4,540.35 51.46% 37.72% 0.93% 13.52%
$ 240,722.57 $ 12,036.88 93.33% 52.87% 0.93% 2.93%
$ 177,406.69 $ 638.59 67.45% 49.01% 0.93% 8.06%
$ 13,970.15 $ (368.55) 36.38% 43.83% 0.93% 5.30%
$ 310,135.22 $ 37,749.98 91.15% 37.26% 0.93% 6.41%
$ 43,363.02 $ 9,671.98 92.56% 35.91% 0.93% 7.38%
$ 9,377.98 $ (9.89) 61.67% 29.83% 0.93% 2.30%
$ 19,890.02 $ 3,110.74 93.57% 31.50% 0.93% 6.63%
$ 407,310.35 $ 38,288.10 97.45% 62.61% 0.93% 0.58%
$ 17,705.63 $ 424.06 91.89% 32.73% 0.93% 3.30%
$ 384,604.28 $ 66,629.07 93.85% 47.97% 0.93% 2.77%
$ 46,447.58 $ 915.51 66.56% 39.32% 0.93% 6.01%
$ 85,564.38 $ 6,639.74 64.70% 39.78% 0.93% 3.57%
$ 81,837.22 $ 14,179.65 87.11% 43.11% 0.93% 3.85%
$ 455,624.61 $ 51,318.12 54.60% 43.53% 0.93% 3.93%
$ 47,261.96 $ 19,774.38 76.74% 24.49% 0.93% 8.69%
$ 84,890.56 $ 7,806.05 75.93% 28.68% 0.93% 10.56%
$ 107,858.57 $ 9,523.84 81.61% 16.83% 0.93% 15.58%
$ 103,658.94 $ (9,148.46) 74.76% 38.78% 0.93% 9.70%
$ 323,084.38 $ 12,805.96 57.24% 18.44% 0.93% 9.74%
$ 23,866.07 $ 650.71 71.19% 35.96% 0.93% 10.79%
$ 23,810,214.77 $ 525,320.98 67.42% 41.21% 0.93% 5.76%
$ 12,846,788.96 $ 772,580.57 79.93% 44.77% 0.93% 4.39%
$ - 0.00%
After-tax Cost of Debt D/(D+E)
2.19% 43.66%
0.68% 24.84%
0.68% 61.74%
0.68% 28.26%
0.68% 27.88%
0.68% 19.60%
0.68% 68.37%
0.68% 37.98%
0.68% 18.97%
0.68% 17.76%
0.68% 54.90%
0.68% 68.64%
0.68% 20.82%
0.68% 19.82%
0.68% 34.19%
0.68% 35.53%
0.68% 36.75%
0.68% 20.23%
0.68% 48.62%
0.68% 28.44%
0.68% 8.55%
0.68% 25.80%
0.68% 22.92%
0.68% 13.42%
0.68% 15.38%
0.68% 19.57%
0.68% 13.31%
0.68% 8.68%
0.68% 11.88%
0.68% 22.02%
0.68% 13.19%
0.68% 20.13%
0.68% 31.06%
0.68% 89.96%
0.68% 24.82%
0.68% 35.90%
0.68% 25.41%
0.68% 39.05%
0.68% 9.66%
0.68% 24.07%
0.68% 10.79%
0.68% 24.66%
0.68% 49.85%
0.68% 36.40%
0.68% 12.93%
0.68% 8.56%
0.68% 28.98%
0.68% 54.53%
0.68% 20.04%
0.68% 31.14%
0.68% 16.42%
0.68% 19.26%
0.68% 32.35%
0.68% 30.60%
0.68% 41.89%
0.68% 56.46%
0.68% 43.64%
0.68% 35.53%
0.68% 27.29%
0.68% 43.85%
0.68% 11.26%
0.68% 35.07%
0.68% 43.42%
0.68% 48.64%
0.68% 22.61%
0.68% 28.97%
0.68% 19.68%
0.68% 27.81%
0.68% 25.21%
0.68% 33.21%
0.68% 15.31%
0.68% 31.38%
0.68% 17.59%
0.68% 48.54%
0.68% 6.67%
0.68% 32.55%
0.68% 63.62%
0.68% 8.85%
0.68% 7.44%
0.68% 38.33%
0.68% 6.43%
0.68% 2.55%
0.68% 8.11%
0.68% 6.15%
0.68% 33.44%
0.68% 35.30%
0.68% 12.89%
0.68% 45.40%
0.68% 23.26%
0.68% 24.07%
0.68% 18.39%
0.68% 25.24%
0.68% 42.76%
0.68% 28.81%
0.68% 32.58%
0.68% 20.07%
25.66%