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Whether you're walking a tightrope or scribbling in your checkbook, balance is a good thing. And, one of the best ways to evaluate a company is to glance at its balance sheet to see what it owns with what it owes.
The balance sheet is a paragon of simplicity and is made up of three components: assets (the stuff it owns), liabilities (the money it owes), and shareholders' equity (the company's value to its shareholders).
Assets take two forms: short-term (or current) assets and long-term assets. Under short-term, there¿s good ol' hard cash. Then, there¿s something called "cash equivalents," which are assets like short-term bonds that can be sold so quickly, they might as well be cash. There you factor in inventory, which (if you're a reasonably competent business owner) you can sell to customers in return for--you guessed it--cash. (The raw materials a company owns to make that inventory also falls under this category.)
Long-term assets are things that are harder to convert into cash. (Think real estate and equipment.) Long-term assets depreciate, meaning they lose some value over time. Also under the long-term category are what's called intangible assets: things like patents and brands, that are important, but hard to quantify. Accountants earn their stripes figuring out the real overall value of these assets.
Once you know your assets, it's time for liabilities. As with assets, liabilities are separated into short-term or current, and long-term. Current liabilities are what a company owes in that year: Things like payments to employees or accounts payable to suppliers. Long-term liabilities are debts paid over several years.
Shareholders' equity is determined by subtracting the liabilities from the assets. That number represents the value of the company after all its bills are paid.
Obviously, investors should pay close attention to balance sheets. Spikes in the amount of debt carried, or a reduction in shareholders' equity, are usually red flags.
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Wednesday, June 18, 2008
AFCEA Educational Foundation and ManTech International Corporation announce the Inaugural Eugene Renzi Teacher's Scholarship
Comtex
Jun 18, 2008 (EWORLDWIRE via Comtex) ----The AFCEA Educational Foundation is pleased to announce a generous $50,000 contribution from ManTech International Corporation to launch and endow the new MG Eugene C. Renzi, USA (Ret.) ManTech International Corporation Teacher's Scholarship Fund.
The MG Eugene C. Renzi, USA (Ret.) ManTech International Corporation Teacher's Scholarship will be awarded to students pursuing an undergraduate education degree for the purpose of teaching science, mathematics, or information technology at a U.S. middle or secondary school. Each scholarship award is $2,500. Candidates must be a U.S. citizen attending an accredited college or university in the United States as traditional, full-time students. A minimum overall GPA of 3.0 is required, and in the event of numerous applications, preference will be afforded to applications submitted by wounded warriors/disabled veterans, then to honorably discharged veterans. Applications are available at 'http://scholarships.afcea.org'.
The Renzi Scholarship honors MG Eugene C. Renzi, USA (Ret.). General Renzi was a distinguished lifetime member of AFCEA, serving as AFCEA International Chairman of the Board from 2003-2006, and participating on the AFCEA Educational Foundation Board of Directors. An expert in defense communications, Renzi retired from the U.S. Army in 1990 as director for command, control and communications systems, J-6, U.S. Pacific Command.
He had an extensive background in government business. He served for many years as President of ManTech's Defense Systems Group and as a ManTech Senior Executive Vice President. Renzi joined ManTech in 1993 as vice president of Corporate Development and Senior Vice President of the ManTech Field Engineering Company. He was named president of ManTech Telecommunications and Information Systems Corporation in 1996 and built that organization into a leading provider of advanced telecommunications systems. Under his leadership ManTech became recognized for its ability to provide worldwide engineering and technical support during contingency situations such as Operations Just Cause, Desert Shield, Desert Storm, Restore Hope, Enduring Freedom, Iraqi Freedom and counter-narcotics missions in North, Central and South America.
In 2006 he received a Distinguished Member of the Signal Regiment Award at a U.S. ArmyAFCEA conference. General William S. Wallace, Commanding General, U.S. Army Training and Doctrine Command, presented the award to Renzi which is for "prestigious or notable military or civilian persons who have made a special contribution or who have distinguished themselves in service to the regiment."
"Gene was devoted to his family, his faith and his country - and he was a strong advocate of AFCEA and their education program," said George J. Pedersen, Chairman of the Board and Chief Executive Officer, ManTech International Corporation. "This scholarship is a fitting tribute to Gene and an excellent way to help advance the knowledge and scholarship of our nation's youth."
"Education is AFCEA's number one priority," comments Kent Schneider, President and CEO, AFCEA International. "We are pleased to honor the memory of our good friend Gene Renzi by presenting this scholarship in his name, preserving Gene's legacy and commitment to education."
About the AFCEA Educational Foundation
The AFCEA Educational Foundation promotes excellence in education with scholarships, awards, grants and prizes, awarded annually to students studying the scientific and technical disciplines that support the information technology, communications, and intelligence needs of our military and national security agencies. In fiscal year 2008, the AFCEA Chapters and Educational Foundation together will award more than $1.5 million dollars in scholarships and awards. For more information on the work of the AFCEA Educational Foundation, visit 'http://www.afcea.orgeducationscholarships'.
About ManTech International Corporation
Headquartered in Fairfax, Va. with more than 7,300 professionals, ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Intelligence Community the departments of Defense, State, Homeland Security and Justice the Space Community and other U.S. federal government customers. ManTech's expertise includes systems engineering, systems integration, software development, enterprise architecture, cyber security, information assurance, intelligence operations and analysis support, network and critical infrastructure protection, information operations and information warfare support, information technology, communications integration, logistics and supply chain management, and service oriented architectures. The company supports the advanced telecommunications systems that are used in Operation Iraqi Freedom and in other parts of the world has developed a secure, collaborative communications system for the U.S. Department of Homeland Security and builds and maintains secure databases that track terrorists. The company operates in the United States and 40 countries. In 2008, BusinessWeek magazine chose ManTech for its 2008 InfoTech 100 listing, representing the best performing tech companies in the world. In 2007, ManTech was named one of BusinessWeek.com's fastest growing tech companies to Business 2.0 magazine's 100 Fastest Growing Technology Companies list for the second year in a row to the Deloitte&Touche list of the 50 fastest growing technology companies in Virginia and a GI Jobs magazine Top Ten Military Friendly Employer. Additional information on ManTech can be found at 'http://www.mantech.com'.
AFCEA Media Contact:
Tobey Jackson
(703) 631-6189
tjackson@afcea.org
ManTech International Corporation Media Contact:
Mark Root
(703) 218-8397 cell: 571-259-1169
mark.root@mantech.com
HTML: http://www.eworldwire.com/pressreleases/18651
PDF: http://www.eworldwire.com/pdf/18651.pdf
ONLINE NEWSROOM: http://www.eworldwire.com/newsroom/1769.htm
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Source: AFCEA International and ManTech Corporation
Tobey Jackson AFCEA International 4400 Fair Lakes Court Fairfax, VA 22033 PHONE. 703-631-6189 FAX. 703-631-6405 EMAIL: tjackson@afcea.org http://www.afcea.org
(C) Copyright 2008 EWORLDWIRE
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