Microchip Technology Inc., current enterprise value calculation

Current share price (P)	$84.53
No. shares of common stock outstanding	547,795,897
US$ in thousands
Common equity (market value)¹	46,305,187)
Add: Preferred stock, $0.001 par value; no shares issued or outstanding (per books)	—)
Total equity	46,305,187)
Add: Current portion of long-term debt (per books)	—)
Add: Long-term debt excluding current maturities (per books)	7,687,400)
Total equity and debt	53,992,587)
Less: Cash and cash equivalents	317,400)
Less: Short-term investments	2,000)
Enterprise value (EV)	53,673,187)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 84.53 × 547,795,897

Microchip Technology Inc., EV calculation

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Share price^1, 2	$66.67	$71.22	$43.91	$40.67	$46.40	$41.26
No. shares of common stock outstanding¹	554,501,300	547,062,818	490,664,994	475,853,016	470,073,406	458,795,754
US$ in thousands
Common equity (market value)³	36,968,602)	38,961,814)	21,545,100)	19,352,942)	21,811,406)	18,929,913)
Add: Preferred stock, $0.001 par value; no shares issued or outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	36,968,602)	38,961,814)	21,545,100)	19,352,942)	21,811,406)	18,929,913)
Add: Current portion of long-term debt (book value)	—)	1,322,900)	608,800)	1,360,800)	1,309,900)	49,952)
Add: Long-term debt excluding current maturities (book value)	7,687,400)	7,581,200)	8,873,400)	8,946,200)	1,758,400)	2,900,524)
Total equity and debt	44,656,002)	47,865,914)	31,027,300)	29,659,942)	24,879,706)	21,880,389)
Less: Cash and cash equivalents	317,400)	280,000)	401,000)	428,600)	901,300)	908,684)
Less: Short-term investments	2,000)	2,000)	2,000)	2,300)	1,295,300)	394,088)
Enterprise value (EV)	44,336,602)	47,583,914)	30,624,300)	29,229,042)	22,683,106)	20,577,617)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Microchip Technology Inc. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 66.67 × 554,501,300

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Microchip Technology Inc. EV increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

Microchip Technology Inc. (NASDAQ:MCHP)

Enterprise Value (EV)