# Bank of New York Mellon Debt & dilution

NYSE: BNY · Reporting currency: USD

[Interactive page](https://beanvest.com/stock/bny/capital) · [JSON with these options](https://beanvest.com/stock/bny/capital.json?range=5Y&deductSbc=false&limit=200&offset=0&frequency=quarterly&wacc=7.7) · [Raw filing inputs](https://beanvest.com/api/v2/financials/bny)

Frequency: quarterly. Newest first. Retrieved: 2026-10-23T14:01:07.708Z.
Coverage: 2009-06-30 to 2026-06-30. Rows 1–69 of 69.
Snapshot checked: 2026-10-19T21:59:30.430Z. Last validated: 2026-10-23T14:12:07.806Z.

## Definitions

- **Total debt** (`debt`, USD_millions): Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
- **Cash & equivalents** (`cash`, USD_millions): Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
- **Net debt** (`net_debt`, USD_millions): Total debt − cash and equivalents. Negative means net cash.
- **Debt / equity** (`debt_equity`, multiple): Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
- **Debt / assets** (`debt_assets`, percent): Total debt / total assets × 100.
- **Net debt / EBITDA** (`net_debt_ebitda`, multiple): Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
- **Debt / FCF** (`debt_fcf`, multiple): Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
- **Interest coverage** (`interest_coverage`, multiple): TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
- **Current ratio** (`current_ratio`, multiple): Current assets / positive current liabilities.
- **Diluted shares** (`diluted_shares`, shares_millions): Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
- **Basic shares** (`basic_shares`, shares_millions): Reported weighted average basic shares, normalized for subsequent recorded stock splits.
- **Share count growth** (`dilution`, percent): Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
- **Share repurchases** (`buybacks`, USD_millions): Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.

## Values

| Period | End date | Total debt (USD_millions) | Cash & equivalents (USD_millions) | Net debt (USD_millions) | Debt / equity (multiple) | Debt / assets (percent) | Net debt / EBITDA (multiple) | Debt / FCF (multiple) | Interest coverage (multiple) | Current ratio (multiple) | Diluted shares (shares_millions) | Basic shares (shares_millions) | Share count growth (percent) | Share repurchases (USD_millions) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2026-Q2 | 2026-06-30 | 35184 | 7483 | 27701 | 0.777306468716861 | 6.70147175626025 | Unavailable | 22.100502512562816 | Unavailable | Unavailable | 692.223 | 686.125 | -4.011477352374582 | 1103 |
| 2026-Q1 | 2026-03-31 | 33584 | 6390 | 27194 | 0.7423847208099386 | 5.980940915413068 | Unavailable | 23.081786941580756 | Unavailable | Unavailable | 698.164 | 691.178 | -4.129684264256516 | 983 |
| 2025-Q4 | 2025-12-31 | 33876 | 5111 | 28765 | 0.7574964781646206 | 7.172559813677746 | Unavailable | 6.543558045199923 | Unavailable | Unavailable | 705.9582391304348 | 698.4320652173913 | -3.872443430292649 | 1045 |
| 2025-Q3 | 2025-09-30 | 34651 | 5055 | 29596 | 0.7830734463276836 | 7.610385845310469 | Unavailable | 22.141214057507987 | Unavailable | Unavailable | 712.854 | 705.873 | -4.164567909447737 | 849 |
| 2025-Q2 | 2025-06-30 | 35790 | 5699 | 30091 | 0.8055730620329522 | 7.36751746157219 | Unavailable | 15.03781512605042 | Unavailable | Unavailable | 720.007 | 714.799 | -4.298410505232264 | 895 |
| 2025-Q1 | 2025-03-31 | 32531 | 5354 | 27177 | 0.7473408532242872 | 7.381816283972216 | Unavailable | 14.211882918304937 | Unavailable | Unavailable | 727.398 | 720.951 | -4.754160517982342 | 746 |
| 2024-Q4 | 2024-12-31 | 31155 | 4178 | 26977 | 0.7475346114163688 | 7.488030687586525 | Unavailable | Unavailable | Unavailable | Unavailable | 733.72 | 726.568 | -5.289475536599286 | 750 |
| 2024-Q3 | 2024-09-30 | 33500 | 6234 | 27266 | 0.7922805855781283 | 7.8369722617969835 | Unavailable | Unavailable | Unavailable | Unavailable | 742.08 | 736.547 | -5.305388313129244 | 725 |
| 2024-Q2 | 2024-06-30 | 31248 | 5311 | 25937 | 0.7616076433741987 | 7.291751742548519 | Unavailable | 27.53127753303965 | Unavailable | Unavailable | 751.596 | 746.904 | -5.18129584445195 | 601 |
| 2024-Q1 | 2024-03-31 | 32396 | 5305 | 27091 | 0.796361848574238 | 7.452015973206234 | Unavailable | 178 | Unavailable | Unavailable | 762.268 | 756.937 | -5.776259118181592 | 988 |
| 2023-Q4 | 2023-12-31 | 31257 | 4922 | 26335 | 0.7637816440230671 | 7.624532568367594 | Unavailable | 6.661764705882353 | Unavailable | Unavailable | 772.102 | 767.146 | -5.485364107782853 | 450 |
| 2023-Q3 | 2023-09-30 | 29205 | 4904 | 24301 | 0.7119350592365072 | 7.206698120656981 | Unavailable | 3.0434556065027096 | Unavailable | Unavailable | 781.781 | 777.813 | -4.128045714060324 | 450 |
| 2023-Q2 | 2023-06-30 | 32463 | 5720 | 26743 | 0.7918191131274697 | 7.542834040457082 | Unavailable | 3.8196258383339217 | Unavailable | Unavailable | 790.725 | 787.718 | -2.8591582470406496 | 448 |
| 2023-Q1 | 2023-03-31 | 30489 | 5564 | 24925 | 0.7490050606790154 | 7.171992322023373 | Unavailable | 2.5207937164117404 | Unavailable | Unavailable | 807.718 | 803.34 | -0.7571630290968523 | 1256 |
| 2022-Q4 | 2022-12-31 | 30458 | 5030 | 25428 | 0.747600697086473 | 7.5059822614550145 | Unavailable | 2.2196472817373563 | Unavailable | Unavailable | 815.846 | 811.669 | 0.025386246815939373 | 2 |
| 2022-Q3 | 2022-09-30 | 27820 | 4707 | 23113 | 0.6999798711755234 | 6.500713863438275 | Unavailable | 2 | Unavailable | Unavailable | 814.516 | 811.304 | -3.8839552274170464 | 1 |
| 2022-Q2 | 2022-06-30 | 27610 | 5185 | 22425 | 0.6735624893269254 | 6.100026291312157 | Unavailable | 2.766255886183749 | Unavailable | Unavailable | 813.59 | 810.903 | -6.734869919260234 | 3 |
| 2022-Q1 | 2022-03-31 | 25246 | 6143 | 19103 | 0.6011381765364193 | 5.328284906851044 | Unavailable | 3.0881957186544344 | Unavailable | Unavailable | 813.986 | 809.469 | -8.281495380473569 | 118 |
| 2021-Q4 | 2021-12-31 | 25931 | 6061 | 19870 | 0.5998380754105945 | 5.834559601114217 | Unavailable | 15.977202711028959 | Unavailable | Unavailable | 817.345 | 811.463 | -8.817005420663248 | 1249 |
| 2021-Q3 | 2021-09-30 | 25043 | 6752 | 18291 | 0.5707936363221954 | 5.3222622005257865 | Unavailable | Unavailable | Unavailable | Unavailable | 849.028 | 844.088 | -5.105233395428222 | 2001 |
| 2021-Q2 | 2021-06-30 | 25629 | 5154 | 20475 | 0.561731506849315 | 5.488443409863308 | Unavailable | Unavailable | Unavailable | Unavailable | 873.475 | 869.46 | -2.2001754741175605 | 618 |
| 2021-Q1 | 2021-03-31 | 25350 | 5991 | 19359 | 0.5606422505307855 | 5.451800492059942 | Unavailable | 10.691691269506537 | Unavailable | Unavailable | 885.655 | 882.558 | -1.2933358087598767 | 699 |
| 2020-Q4 | 2020-12-31 | 25984 | 6252 | 19732 | 0.5655580706947588 | 5.532830955235258 | Unavailable | 6.809224318658281 | Unavailable | Unavailable | 891.846 | 889.928 | -2.3477928815657134 | 1 |
| 2020-Q3 | 2020-09-30 | Unavailable | 4104 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 891.069 | 889.499 | -4.689455502408746 | 0 |
| 2020-Q2 | 2020-06-30 | Unavailable | 4776 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 890.561 | 889.02 | -6.544964106294559 | 3 |
| 2020-Q1 | 2020-03-31 | Unavailable | 5091 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 896.689 | 894.122 | -7.094265672066735 | 985 |
| 2019-Q4 | 2019-12-31 | 27501 | 4830 | 22671 | 0.6613201875676326 | 7.2084989043480086 | Unavailable | Unavailable | Unavailable | Unavailable | 914.739 | 911.324 | -7.418044319916939 | 1041 |
| 2019-Q3 | 2019-09-30 | Unavailable | 6718 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 935.677 | 933.264 | -6.65567789015491 | 981 |
| 2019-Q2 | 2019-06-30 | Unavailable | 5556 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 953.928 | 951.281 | -5.830451830814143 | 750 |
| 2019-Q1 | 2019-03-31 | Unavailable | 5980 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 965.96 | 962.397 | -5.350133802519085 | 555 |
| 2018-Q4 | 2018-12-31 | 29163 | 5864 | 23299 | 0.7158496772134809 | 8.036696034149688 | Unavailable | 5.966243862520458 | Unavailable | Unavailable | 988.65 | 984.343 | -3.950418997139038 | 1372 |
| 2018-Q3 | 2018-09-30 | Unavailable | 5047 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1003.665 | 999.808 | -3.4316362691568014 | 602 |
| 2018-Q2 | 2018-06-30 | Unavailable | 5361 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1014.357 | 1010.179 | -2.476277455062559 | 651 |
| 2018-Q1 | 2018-03-31 | Unavailable | 4636 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1021.731 | 1016.797 | -2.339798570437901 | 644 |
| 2017-Q4 | 2017-12-31 | 27979 | 5382 | 22597 | 0.6731060697187673 | 7.526132591632191 | Unavailable | 8.123983739837398 | Unavailable | Unavailable | 1030.404 | 1024.828 | -2.4798075532311725 | 651 |
| 2017-Q3 | 2017-09-30 | Unavailable | 5557 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1041.138 | 1035.337 | -2.533400863075297 | 650 |
| 2017-Q2 | 2017-06-30 | Unavailable | 4725 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1041.879 | 1035.829 | -3.426681198564596 | 506 |
| 2017-Q1 | 2017-03-31 | Unavailable | 5366 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1047.746 | 1041.158 | -3.564425582207431 | 879 |
| 2016-Q4 | 2016-12-31 | 24463 | 4822 | 19641 | 0.6204316619746887 | 7.335914282886866 | Unavailable | 4.5126360450101455 | Unavailable | Unavailable | 1056.818 | 1050.888 | -3.4890897068547644 | 848 |
| 2016-Q3 | 2016-09-30 | Unavailable | 4957 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1067.682 | 1062.248 | -3.256366330510929 | 464 |
| 2016-Q2 | 2016-06-30 | Unavailable | 5809 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1078.271 | 1072.583 | -3.6997099991919358 | 509 |
| 2016-Q1 | 2016-03-31 | Unavailable | 3928 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1085.284 | 1079.641 | -3.4830082549467956 | 577 |
| 2015-Q4 | 2015-12-31 | 21547 | 6537 | 15010 | 0.5556931012250161 | 5.4718370663822435 | Unavailable | 6.110890527509926 | Unavailable | Unavailable | 1096.385 | 1088.88 | -2.836869306987233 | 431 |
| 2015-Q3 | 2015-09-30 | Unavailable | 8234 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1105.645 | 1098.003 | -2.5682685771989067 | 690 |
| 2015-Q2 | 2015-06-30 | Unavailable | 8353 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1122.135 | 1113.79 | -1.743716234575099 | 834 |
| 2015-Q1 | 2015-03-31 | Unavailable | 7167 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1126.306 | 1118.602 | -1.7602501218553557 | 400 |
| 2014-Q4 | 2014-12-31 | 20264 | 6970 | 13294 | 0.5266933513541613 | 5.2592375351346865 | Unavailable | 5.487137828323856 | Unavailable | Unavailable | 1129.04 | 1120.672 | -1.9415309473330589 | 432 |
| 2014-Q3 | 2014-09-30 | Unavailable | 6410 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1134.871 | 1126.946 | -1.8958426915429705 | 431 |
| 2014-Q2 | 2014-06-30 | Unavailable | 6173 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1139.8 | 1133.556 | -1.6475712445067292 | 431 |
| 2014-Q1 | 2014-03-31 | Unavailable | 6092 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1144.51 | 1138.645 | -1.7409103578729712 | 375 |
| 2013-Q4 | 2013-12-31 | 19864 | 6460 | 13404 | 0.5185881370091896 | 5.306831236141166 | Unavailable | Unavailable | Unavailable | Unavailable | 1147.961 | 1142.861 | -1.580331584585748 | 321 |
| 2013-Q3 | 2013-09-30 | Unavailable | 7304 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1152.679 | 1148.724 | -1.7910973484919768 | 122 |
| 2013-Q2 | 2013-06-30 | Unavailable | 6940 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1155.981 | 1152.545 | -2.4383121005629005 | 331 |
| 2013-Q1 | 2013-03-31 | Unavailable | 4440 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1158.819 | 1158.819 | -2.9408734675621995 | 252 |
| 2012-Q4 | 2012-12-31 | 18530 | 4727 | 13803 | 0.4972627737226277 | 5.161703668625868 | Unavailable | 18.96622313203685 | Unavailable | Unavailable | 1163.753 | 1161.212 | -3.633379087364741 | 172 |
| 2012-Q3 | 2012-09-30 | Unavailable | 4991 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1171.534 | 1169.674 | -3.6612345011967418 | 289 |
| 2012-Q2 | 2012-06-30 | Unavailable | 4522 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1182.985 | 1181.35 | -3.9869766564857523 | Unavailable |
| 2012-Q1 | 2012-03-31 | Unavailable | 4333 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1195.558 | 1193.931 | -3.2530411417124983 | 398 |
| 2011-Q4 | 2011-12-31 | 19933 | 4175 | 15758 | 0.5847683867750169 | 6.128215060903998 | Unavailable | 12.704270235818994 | Unavailable | Unavailable | 1205.586 | 1204.994 | -2.237117952112988 | Unavailable |
| 2011-Q3 | 2011-09-30 | Unavailable | 6691 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1215.527 | 1214.126 | 0.2967285512013529 | Unavailable |
| 2011-Q2 | 2011-06-30 | Unavailable | 5560 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1233.71 | 1230.406 | 2.14593414840476 | Unavailable |
| 2011-Q1 | 2011-03-31 | Unavailable | 4058 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1238.284 | 1234.076 | 2.6230465193055164 | 60 |
| 2010-Q4 | 2010-12-31 | 16517 | 3675 | 12842 | 0.49953122637229697 | 6.680039958100616 | Unavailable | 4.3238219895287955 | Unavailable | Unavailable | 1235.67 | 1232.568 | 2.683280585224934 | Unavailable |
| 2010-Q3 | 2010-09-30 | Unavailable | 3693 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1212.684 | 1210.534 | 1.0956945550995911 | Unavailable |
| 2010-Q2 | 2010-06-30 | Unavailable | 3569 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1208.83 | 1204.557 | 2.8585554713977945 | Unavailable |
| 2010-Q1 | 2010-03-31 | Unavailable | 3307 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1206.286 | 1202.533 | Unavailable | 20 |
| 2009-Q4 | 2009-12-31 | 17246 | 3732 | 13514 | 0.5946281419163535 | 8.126319360675513 | Unavailable | 4.980075079410915 | Unavailable | Unavailable | 1203.469 | 1200.359 | Unavailable | 2 |
| 2009-Q3 | 2009-09-30 | 17649 | 3358 | 14291 | 0.6232871874558553 | 8.324725127000523 | Unavailable | Unavailable | Unavailable | Unavailable | 1197.414 | 1197.414 | Unavailable | 3 |
| 2009-Q2 | 2009-06-30 | 17635 | 3836 | 13799 | 0.6458760621154409 | 8.686678619983056 | Unavailable | Unavailable | Unavailable | Unavailable | 1174.466 | 1171.081 | Unavailable | 10 |

## Unavailable values

- net_debt_ebitda: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- interest_coverage: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- current_ratio: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- debt_fcf: Trailing free cash flow is zero or negative, so this ratio is undefined.
- debt: Reported borrowing balances are unavailable in the extracted statements for this period.
- net_debt: Reported borrowing balances are unavailable in the extracted statements for this period.
- debt_equity: Reported borrowing balances are unavailable in the extracted statements for this period.
- debt_assets: Reported borrowing balances are unavailable in the extracted statements for this period.
- debt_fcf: Reported borrowing balances are unavailable in the extracted statements for this period.
- debt_fcf: A complete trailing 12-month reporting basis is unavailable.
- buybacks: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- dilution: The matching period one year earlier is unavailable.

## Sources

- [sec-0001390777-81c31f13c1ef](https://data.sec.gov/api/xbrl/companyfacts/CIK0001390777.json) · Retrieved 2026-10-23T14:01:07.708Z · SHA-256 81c31f13c1efe0fb81830397bbfcd747ea47c61e5645c238aa87201cec55b096
- [inline-0001390777-2877c40d5b57](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000033/bk-20251231.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 2877c40d5b57d804241e3d1b6b7a657d87141e1fb62c140888dc34ea7359d78a
- [inline-0001390777-d4acbf729513](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000033/bk-20251231_d2.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 d4acbf729513b1063329cdcd4194a6980e56210b634322271f3e683d4fe26658
- [inline-0001390777-f001445bcfa6](https://www.sec.gov/Archives/edgar/data/1390777/000139077724000051/bk-20231231.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 f001445bcfa6e2933bb788eb4f7978899fc5cf38f39e0e2285a16bf9fac297d3
- [inline-0001390777-1053bfd748c7](https://www.sec.gov/Archives/edgar/data/1390777/000139077724000051/bk-20231231_d2.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 1053bfd748c7df30c9e4344735f38563611badb440122c7183f69902e9721958
- [inline-0001390777-8bcf716f784c](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000086/bk-20260630.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 8bcf716f784c9c10e57c1834fe4c3a32e9ee2c8ff74076aa07872c08187d59ca
- [inline-0001390777-3c5f502394b9](https://www.sec.gov/Archives/edgar/data/1390777/000139077722000043/bk-20211231_d2.htm) · Retrieved 2026-10-19T09:46:18.030Z · SHA-256 3c5f502394b9c2f54535ac91665ceafbe2f16098d386ede4c8574dd4fbf05afc
- [inline-0001390777-0473e73ac0ea](https://www.sec.gov/Archives/edgar/data/1390777/000139077722000043/bk-20211231.htm) · Retrieved 2026-10-19T09:46:18.030Z · SHA-256 0473e73ac0eadc68c8ac60c761637454f8c67b20f0edadcc0d6b8cb6acc730f3

## Data conventions

- Null means an unavailable input or undefined calculation, never zero. Values are unrounded; money and shares are in millions unless a column states otherwise.
- Fiscal periods use actual reporting start/end dates. Annual reported values are not constructed by adding quarterly EPS or weighted share counts. Partial years are labelled.
- FCF uses operating cash flow minus reported cash capital investment, preferring PPE purchases. The productive-assets fallback can also include software and intangibles. Acquisitions and noncash leases are excluded. Deduct SBC is an optional economic-cost scenario; missing SBC remains unavailable.
- SBC / FCF and SBC / OCF compare amounts from the same fiscal period. SBC / FCF always uses FCF before SBC deduction; nonpositive denominators are undefined and values above 100% remain valid.
- Capital allocation percentages describe available tracked cash uses, not all company spending or a fraction of OCF. Missing categories remain null, negative payments are excluded and SBC is noncash. Annual shares use reported annual amounts.
- Valuation uses completed, split-adjusted closes without dividend adjustment and a complete trailing year. Financial bases become eligible after publication; selected facts can contain later restatements. This is not a vintage-filings backtest.
- Mean and median use all valid observations in the selected date range before pagination. Historical pricing labels compare the latest positive value with its own median and do not estimate intrinsic fair value.
- Reporting currencies are retained without conversion. USD market capitalization, where available, is a separate dated Nasdaq snapshot.
- WACC is an editable US industry scenario across history, not a historical company cost of capital. Industry exclusions, missing inputs and pending filings remain explicit.