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Yo, where my Pros at?!?!
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Almost every place this month.
How do those of you working as independent contractors land projects? I've just gone through agencies so far, doing my best to weed out the sketchy/stingy ones. I know of some of the big consulting firm talent boards for contractors, but haven't had any luck with those so far. There aren't a ton of projects on those.
usebraintrust.com seems like an interesting model in cutting out the middleman. Unfortunatey, I didn't do good enough on the interview.
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anyone struggling mentally?
Bowl Leader
It decrease cash balance (increases to net debt and decrease to overall value of the company). However, I have seen it treated different ways depending on partner preference so someone feel free to correct me if I’m wrong.
Mentor
Formally restricted cash has to stay in the business. Most common treatment in an spa is treating it as a reduction of cash (if within cash) or specifically called out as something not included in the definition of cash retained by sellers. End of day it should be value neutral.
Informal “restricted” cash is a negotiation point - think things like cash taxes on cash repatriation. Most typically see things like this get called out as debt
Subject Expert
I would say if it is cash free debt free, will treat it as debt like for sure. So EY 1 treatment is most common
Coach
Assuming restricted cash was recorded as part of cash, I’ve always seen it as a reduction from cash in arriving at net indebtedness and before listing out any debt-likes.
Coach
What is the restricted cash attached to?
Approach so far has always been to decrease the amount of cash in net debt by the amount of cash restricted
Depending on nature of the restricted cash, could also be WC implications as well