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Enterprise Value

Does EV include notes payables in addition to MV of long-term debt?

My understanding is it does not.

Truth or fake news?

"Using Wiley for my CFA journey was by far the best option… I was able to pass on my first attempt.”– Moe E., Canada

i think it does because you’re trying to get the total value of the firm using its debt and equity

It's a long shot, gotta make it.

I’m glad you asked this question bc I was wondering as well. I believe the EV calculation does include the current portion of long term debt. See example 34 in reading 32 “Market Based Valuation: Price and Enterprise Multiples”. In that example debt includes both the long term and current portion of the long term.