Shockwave Medical Inc., current enterprise value calculation

Current share price (P)	$330.38
No. shares of common stock outstanding	37,396,816
US$ in thousands
Common equity (market value)¹	12,355,160)
Add: Preferred stock, $0.001 par value per share; no shares issued and outstanding (per books)	—)
Total equity	12,355,160)
Add: Debt, current portion (per books)	—)
Add: Convertible debt, noncurrent portion (per books)	731,863)
Add: Debt, noncurrent portion (per books)	—)
Total equity and debt	13,087,023)
Less: Cash and cash equivalents	328,422)
Less: Short-term investments	662,132)
Enterprise value (EV)	12,096,469)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 330.38 × 37,396,816

Shockwave Medical Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$259.89	$189.52	$175.59	$116.76	$29.00
No. shares of common stock outstanding¹	37,396,816	36,495,387	35,653,563	34,842,744	31,765,657
US$ in thousands
Common equity (market value)³	9,719,059)	6,916,606)	6,260,409)	4,068,239)	921,204)
Add: Preferred stock, $0.001 par value per share; no shares issued and outstanding (book value)	—)	—)	—)	—)	—)
Total equity	9,719,059)	6,916,606)	6,260,409)	4,068,239)	921,204)
Add: Debt, current portion (book value)	—)	—)	5,500)	3,300)	6,667)
Add: Convertible debt, noncurrent portion (book value)	731,863)	—)	—)	—)	—)
Add: Debt, noncurrent portion (book value)	—)	24,198)	11,630)	13,319)	7,152)
Total equity and debt	10,450,922)	6,940,804)	6,277,539)	4,084,858)	935,023)
Less: Cash and cash equivalents	328,422)	156,586)	89,209)	50,423)	139,045)
Less: Short-term investments	662,132)	147,907)	111,772)	151,931)	56,304)
Enterprise value (EV)	9,460,368)	6,636,311)	6,076,558)	3,882,504)	739,674)

¹ Data adjusted for splits and stock dividends.

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

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 259.89 × 37,396,816

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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.	Shockwave Medical Inc. EV increased from 2021 to 2022 and from 2022 to 2023.

Shockwave Medical Inc. (NASDAQ:SWAV)

Enterprise Value (EV)