- Posted by:
- anjci
- Under:
- Everyday musings, Investment banking, London, Studies
Replace EBITDA with EBIT, shift Treasury shares one year back, average out short-term borrowings’ interest in debt schedule – and it BALANCES! Dance around the venue, dear ladies and gentlemen!
I bet not many of my trusty fieres have had financial training on top of a meat market. We have ours at Smithfield near Barbican Tube station: “The market has recently undergone a £70 million refurbishment to equip it for the future and enable it to comply with modern hygiene standards.” Aha, modern hygiene standards my a**e (pardon my French). I am used to being greeted by massive pork chops, beef legs and sundry unidentifiable meat produce, hastily wrapped in torn plastic, dropped on the ground, stacked against the historic walls of Smithfield (covered in chalk poetry and stuff) or otherwise mistreated. Praise Heavens I am not a strict vegetarian. My sincere sympathy to non-meat-eating peer analysts. The training premises are well insulated from any unsolicited smells, but outside, the meat is everywhere. Eugh. Did I already mention the meat is transported on rail tracks with this deafening creaking noise?
Anyway, life is fun. And assets equal liabilities add equity, everybody!
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