But before starting down that road, I should clear up a common source of confusion by explaining the difference between the terms âenterprise valueâ and âequity value.â The former is the total value of the business, including value held by its equity owners and its debt owners. The latter is limited to the value held by its equity owners. Mathematically, enterprise value is equal to equity value plus debt and minus cash. Or, conversely, equity value is equal to enterprise value less debt and plus cash. The House Analogy. One of best ways to understand the difference between the two terms is to consider another major asset in many portfoliosâa house. Consider a house that has a $600,000 mortgage loan and is sold for $1,000,000. In this case the âenterpriseâ (i.e. house) value is $1,000,000 but the equity value is only $400,000. That is, the value of the house is held by two different claims holders: the debt provider (i.e. the mortgage lender) and the equity provider (i.e. the owner).
The 2018 Easton Ghost Double Barrel -10 Fastpitch Softball Bat: FP18GH10 is the first and only bat quite like it from Easton. The previous composite design from Easton was the Stealth. The Ghost features a double barrel design, and is only approved for ASA, ISA, and NCAA, not USSSA.
For safety reasons, the League limits the use of bats with composite exterior barrels to Open B, CC, Open C only. Titanium bats and all bats that appear on the ASAâs official list of banned bats are illegal in all divisions.