Deferred tax: related pages
Tax shield
A tax shield is the adjustment made of the tax saving resulting from a method of financing, usually by using debt rather than equity.
Going concern principle
The assumption for the purposes of accounting or valuation, or the fact in the case of a sale, that a business will continue to operate.
TCE ratio
Tangible common equity as a proportion of total assets.
NAV
The total value of a company’s assets less the total value of its liabilities, divided by the number of shares in issue.
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