Assertion: capital's asset | /r/HasProperty | excluded
Facets:
Source sentences:
text: Financial assets are excluded, as they could be sold without disrupting the company's operations.
text: Alternatively, the invested capital (and thus the NOA) can be calculating as the net amount of interest-bearing debts: Operating assets = Equity + Short-term and Long-term non-operating Debts − Financial assets and Investments − Excess cash and cash equivalents {\displaystyle {\mbox{Operating assets}}={\mbox{Equity}}+{\mbox{Short-term and Long-term non-operating Debts}}-{\mbox{Financial assets and Investments}}-{\mbox{Excess cash and cash equivalents}}} Operating liabilities, such as Accounts Payable, are excluded as they do not normally generate interest expenses.