Yes, what you say is reasonable but try thinking of buying a company with a Market cap of $100 Million (with $50 million of cash) . You pay the 100 million, you own it and then put that 50 million in your pocket. So it has really cost you 50 Million (debts included).
So yes your Definition is correct
Enterprise Value = Market Cap + Debt - Cash
LGP Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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