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How does the Trefis valuation account for investments and non-operating assets / liabilities?

April 26, 2017account assets investments liabilities non-operating trefis valuation

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How does the Trefis valuation account for investments and non-operating assets / liabilities?

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In most cases we include investments and net non-operating assets within our Cash Minus Debt calculations. In some cases we show the investments as a separate division due to their significance (e.g. investments in Yahoo Japan and Ali Baba are shown as Strategic Investments for Yahoo).