Estimate critical analysis of the companys recent history with Essay

Estimate critical analysis of the companys recent history with Financial Analysis of Heartland Express company - Essay Example (Rm-Rf) is the risk premium rate and beta can be defined as a measure of how much the stock and market move together. The following values have been traced through relevant financial sources WACC or the weighted average cost of capital is the weighted average cost of the company’s equity and long term debt. WACC is calculated by multiplying the cost of equity with the market value of the equity and cost of debt with the market value of the debt. Cost of debt is usually the interest rate that the company’s pay on its long term and short term financial borrowings. However, an analysis of the company’s financial statements will show that the company does have any long term or short term interest bearing financial debts. All of its debts comprise of trading nature and the company does have to pay any interest on such securities. Does the cost of debt for the heartland express is nil. Keeping all the above factors into consideration, the WACC of heartland express is equal to its cost of equity i.e. 6.11% The estimated value of the company’s equity is calculated by discounting the free cash flow of the company for the foreseeable future using the weighted average cost of capital of the company (WACC). Free cash flow method is basically a measure of financial performance of the company which is calculated as free cash flows minus the capital expenditure. From pure financial management’s perspective, free cash flow can be defined as the cash which the company is able to generate setting aside the money required to maintain or expand its current asset base. The following table presents the free cash flow calculation and the equity value of the company as at financial year end December 31, 2010. Note 2: In the free cash flow method, the depreciation and amortization expense are added to the profit after taxes since these are the non-cash items. For the

Respond latter Essay Example | Topics and Well Written Essays - 500 words

Respond latter - Essay Example The movie includes all the main incidents of Gandhi’s life. It starts with the assassination of Gandhi and then playbacks the whole life story. Once in South Africa, he is thrown out of train despite having the ticket, just because he is an Indian. Thereby Gandhi decides to start a non violent protest for the rights of Indians. After depicting his victory in South Africa, the film illustrates Gandhi’s further life in India. He is urged to return India and requested to lead the nation for its independence. Gandhi holds the command of nation really well without compromising with his rules and regulations of non violence, the only reason for saying him as the national hero. Along with his mass supporters he faces some setbacks of imprisonment during this period. The movie very willingly represents the various associate movements such as Satyagraha, Dandi march, Swedeshi movement initiated by Gandhi to tunnel up the British rule. The movie intentionally includes the mass gathering addressed by Gandhi. Eventually gaining the support of Indians he succeeds to get freedom from colonial rule. One of the notable criticisms against the film was that Attenborough’s Gandhi was seriously biased, pro-Hindu film. According to the critics, it surreptitiously exalted Hinduism and portrayed Gandhi’s religious convictions as of an average Hindu. In the same way, it also abased Muhammad Ali Jinnah and Muslim participation in the freedom movement as if they were religious fanatics who caused the separation of the nation. However, some are of the opinion that the film was discreet enough regarding the religious aspects illustrated throughout the life evens of Gandhi (Markovits, 29). The same was the idea that I personally felt as viewing the film Gandhi. Gandhi was not involved in any of the religious practices; instead, his ideology was that of an egalitarian who cherished love above all and was imbued with the scriptures of all