“Comment, question or quotation of the day”

19-09-2018 : Question from a follower of the Vernimmen.com Facebook page

If an asset that was 100% financed by debt is sold below its carrying value, does that impact equity? If an asset is sold at a price lower than its carrying amount in the balance sheet, regardless of how it was financed, the company automatically realizes a capital loss, which reduces the equity via the result that is weaker as a result. For more, have a look on Chapter 3 of the Vernimmen. Have a nice day

18-09-2018 : Quote of the day

Most people would rather die than think; in fact, they do so.  Bertrand Russel


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The Vernimmen.com Letter

Number 115 of September 2018

News : Financial analysis of listed Chinese groups

Statistics : SPACs

Research : The crucial role of personal relationships in loan agreements

Q&A : 2 financial problems