Boeing Co., current enterprise value calculation

Current share price (P)	$164.33
No. shares of common stock outstanding	613,884,224
US$ in millions
Common equity (market value)¹	100,880)
Add: Noncontrolling interests (per books)	5)
Total equity	100,885)
Add: Short-term debt and current portion of long-term debt (per books)	5,204)
Add: Long-term debt, excluding current portion (per books)	47,103)
Total equity and debt	153,192)
Less: Cash and cash equivalents	12,691)
Less: Short-term and other investments	3,274)
Enterprise value (EV)	137,227)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 164.33 × 613,884,224

Boeing Co., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$211.04	$211.17	$200.24	$195.84	$318.27
No. shares of common stock outstanding¹	610,135,205	598,239,585	582,999,765	582,996,860	563,152,208
US$ in millions
Common equity (market value)³	128,763)	126,330)	116,740)	114,174)	179,234)
Add: Noncontrolling interests (book value)	5)	35)	153)	241)	317)
Total equity	128,768)	126,365)	116,893)	114,415)	179,551)
Add: Short-term debt and current portion of long-term debt (book value)	5,204)	5,190)	1,296)	1,693)	7,340)
Add: Long-term debt, excluding current portion (book value)	47,103)	51,811)	56,806)	61,890)	19,962)
Total equity and debt	181,075)	183,366)	174,995)	177,998)	206,853)
Less: Cash and cash equivalents	12,691)	14,614)	8,052)	7,752)	9,485)
Less: Short-term and other investments	3,274)	2,606)	8,192)	17,838)	545)
Enterprise value (EV)	165,110)	166,146)	158,751)	152,408)	196,823)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Boeing Co. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 211.04 × 610,135,205

Download chart

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.	Boeing Co. EV increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Boeing Co. (NYSE:BA)

Enterprise Value (EV)