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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.
Home / Markets / Industries / Technology
Wednesday, July 09, 2008
WD(R) Sets July 24 for Fourth Quarter Fiscal 2008 Financial Results Conference Call and Webcast
Comtex
LAKE FOREST, Calif., July 9, 2008 /PRNewswire-FirstCall via COMTEX/ ----Western Digital Corp. (NYSE: WDC) today announced that the company will release its financial results for the fourth fiscal quarter ended June 27, 2008, after the close of market on the NYSE on Thursday, July 24, 2008. The investment community conference call to discuss these results and the company's outlook will be broadcast live over the Internet that day at 2 p.m. PDT/5 p.m. EDT. The call will be accessible live and on an archived basis via the link below:
Audio Webcast: http://www.westerndigital.com/investor Click on "Conference Calls" Telephone Replay: 866-365-4129 (toll-free) +1-203-369-0222 (international)
About WD
WD, one of the storage industry's pioneers and long-time leaders, provides products and services for people and organizations that collect, manage and use digital information. The company produces reliable, high-performance hard drives that keep users' data accessible and secure from loss. WD applies its storage expertise to consumer products for external, portable and shared storage applications.
WD was founded in 1970. The company's storage products are marketed to leading systems manufacturers, selected resellers and retailers under the Western Digital and WD brand names. Visit the Investor section of the company's Web site (http://www.westerndigital.com) to access a variety of financial and investor information.
Western Digital, WD, and the WD logo are registered trademarks of Western Digital Technologies, Inc. in the U.S. and other countries.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000711/WDCLOGO)
SOURCE Western Digital Corp.
http://www.westerndigital.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Saturday, 07-05-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-30-2008 for WDC @ $34.86. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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