Qualcomm Inc., current enterprise value calculation

Current share price (P)	$161.44
No. shares of common stock outstanding	1,116,000,000
US$ in millions
Common equity (market value)¹	180,167)
Add: Preferred stock, $0.0001 par value; none outstanding (per books)	—)
Total equity	180,167)
Add: Short-term debt (per books)	914)
Add: Long-term debt (per books)	14,484)
Total equity and debt	195,565)
Less: Cash and cash equivalents	8,450)
Less: Marketable securities	2,874)
Enterprise value (EV)	184,241)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 161.44 × 1,116,000,000

Qualcomm Inc., EV calculation

	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Share price^1, 2	$110.89	$112.50	$138.48	$128.97	$84.63	$63.21
No. shares of common stock outstanding¹	1,113,000,000	1,121,000,000	1,120,000,000	1,131,000,000	1,141,844,863	1,212,162,586
US$ in millions
Common equity (market value)³	123,421)	126,113)	155,098)	145,865)	96,634)	76,621)
Add: Preferred stock, $0.0001 par value; none outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	123,421)	126,113)	155,098)	145,865)	96,634)	76,621)
Add: Short-term debt (book value)	914)	1,945)	2,044)	500)	2,496)	1,005)
Add: Long-term debt (book value)	14,484)	13,537)	13,701)	15,226)	13,437)	15,365)
Total equity and debt	138,819)	141,595)	170,843)	161,591)	112,567)	92,991)
Less: Cash and cash equivalents	8,450)	2,773)	7,116)	6,707)	11,839)	11,777)
Less: Marketable securities	2,874)	3,609)	5,298)	4,507)	421)	311)
Enterprise value (EV)	127,495)	135,213)	158,429)	150,377)	100,307)	80,903)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Qualcomm Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 110.89 × 1,113,000,000

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Qualcomm Inc. EV decreased from 2021 to 2022 and from 2022 to 2023.

Qualcomm Inc. (NASDAQ:QCOM)

Enterprise Value (EV)