{
  "researchSlug": "enterprise-value-financing-scope",
  "title": "Enterprise Value Financing Scope Across 9 Reviewed Companies",
  "version": "1.0",
  "dataAsOf": "2026-09-02",
  "scope": "A frozen nine-company methodology audit of whether complete reviewed borrowing and liquid-asset evidence was sufficient for the bounded common-equity-plus-net-debt enterprise-value path. No net-debt, market-cap, enterprise-value, or valuation-multiple amounts are redistributed.",
  "summary": {
    "companies": 9,
    "compatible": 6,
    "compatiblePercent": 66.7,
    "withheld": 3,
    "withheldPercent": 33.3,
    "preferredEquity": 1,
    "noncontrollingInterests": 2,
    "reviewedZeroBorrowings": 2
  },
  "observations": [
    {
      "company": "Meta Platforms",
      "balanceSheetAsOfDate": "2026-06-30",
      "filingDate": "2026-07-29",
      "form": "10-Q",
      "accessionNumber": "0001628280-26-050705",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm",
      "enterpriseValueEligibility": "compatible",
      "additionalFinancingLayer": "none",
      "reviewedZeroBorrowings": false
    },
    {
      "company": "NVIDIA",
      "balanceSheetAsOfDate": "2026-07-26",
      "filingDate": "2026-08-26",
      "form": "10-Q",
      "accessionNumber": "0001045810-26-000075",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm",
      "enterpriseValueEligibility": "compatible",
      "additionalFinancingLayer": "none",
      "reviewedZeroBorrowings": false
    },
    {
      "company": "Oracle",
      "balanceSheetAsOfDate": "2026-05-31",
      "filingDate": "2026-06-22",
      "form": "10-K",
      "accessionNumber": "0001193125-26-277521",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1341439/000119312526277521/orcl-20260531.htm",
      "enterpriseValueEligibility": "withheld",
      "additionalFinancingLayer": "preferred-equity",
      "reviewedZeroBorrowings": false
    },
    {
      "company": "Tesla",
      "balanceSheetAsOfDate": "2026-06-30",
      "filingDate": "2026-07-23",
      "form": "10-Q",
      "accessionNumber": "0001628280-26-049270",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm",
      "enterpriseValueEligibility": "withheld",
      "additionalFinancingLayer": "noncontrolling-interests",
      "reviewedZeroBorrowings": false
    },
    {
      "company": "Cisco",
      "balanceSheetAsOfDate": "2026-07-25",
      "filingDate": "2026-09-02",
      "form": "10-K",
      "accessionNumber": "0000858877-26-000132",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/858877/000085887726000132/csco-20260725.htm",
      "enterpriseValueEligibility": "withheld",
      "additionalFinancingLayer": "noncontrolling-interests",
      "reviewedZeroBorrowings": false
    },
    {
      "company": "eBay",
      "balanceSheetAsOfDate": "2026-06-30",
      "filingDate": "2026-08-06",
      "form": "10-Q",
      "accessionNumber": "0001065088-26-000177",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065088/000106508826000177/ebay-20260630.htm",
      "enterpriseValueEligibility": "compatible",
      "additionalFinancingLayer": "none",
      "reviewedZeroBorrowings": false
    },
    {
      "company": "Fortinet",
      "balanceSheetAsOfDate": "2026-06-30",
      "filingDate": "2026-07-30",
      "form": "10-Q",
      "accessionNumber": "0001262039-26-000021",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ftnt-20260630.htm",
      "enterpriseValueEligibility": "compatible",
      "additionalFinancingLayer": "none",
      "reviewedZeroBorrowings": false
    },
    {
      "company": "Medpace",
      "balanceSheetAsOfDate": "2026-06-30",
      "filingDate": "2026-07-23",
      "form": "10-Q",
      "accessionNumber": "0001668397-26-000025",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1668397/000166839726000025/medp-20260630.htm",
      "enterpriseValueEligibility": "compatible",
      "additionalFinancingLayer": "none",
      "reviewedZeroBorrowings": true
    },
    {
      "company": "Monster Beverage",
      "balanceSheetAsOfDate": "2026-06-30",
      "filingDate": "2026-08-07",
      "form": "10-Q",
      "accessionNumber": "0001104659-26-092193",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/865752/000110465926092193/mnst-20260630x10q.htm",
      "enterpriseValueEligibility": "compatible",
      "additionalFinancingLayer": "none",
      "reviewedZeroBorrowings": true
    }
  ],
  "limitations": [
    "The nine-company cohort is the reviewed current-net-debt source cohort, not a representative sample of all public companies.",
    "Eligibility means only that the bounded common-equity-plus-net-debt EV path did not identify an additional reviewed financing layer outside its scope; it is not a claim that every possible enterprise-value adjustment has been modeled.",
    "Withholding is a fail-closed publication decision, not a claim that enterprise value is unknowable or that the company is unusually risky.",
    "The public release intentionally omits debt, cash-like-asset, net-debt, market-cap, enterprise-value, and valuation-multiple amounts."
  ]
}