I am trying to do a bit of company analysis and there are a few things I don't understand.
First, under Assets there are a few items which don't sound like assets to me. I see "Deferred income taxes" and "Goodwill" for example. It seems to me like deferred income taxes = a liability, no? And goodwill surely must be the company making payments to a charity... who would 'donate' to a for-profit company? So isn't "goodwill" also a liability? These two amounts are clearly being added in to get the "total assets" figure. What am I reading wrong?
Also, immediately following the liabilities section, there is a section that says "Class D preferred shares" which is a very high number, and "ordinary shares" which is a tiny number. What are Class D shares? What is a 'preferred' share? Why are they showing class D but apparently no A, B, or C, if such classes even exist? What is an "ordinary" share?
I would really appreciate any help I can get to assist me in understanding this...
First, under Assets there are a few items which don't sound like assets to me. I see "Deferred income taxes" and "Goodwill" for example. It seems to me like deferred income taxes = a liability, no? And goodwill surely must be the company making payments to a charity... who would 'donate' to a for-profit company? So isn't "goodwill" also a liability? These two amounts are clearly being added in to get the "total assets" figure. What am I reading wrong?
Also, immediately following the liabilities section, there is a section that says "Class D preferred shares" which is a very high number, and "ordinary shares" which is a tiny number. What are Class D shares? What is a 'preferred' share? Why are they showing class D but apparently no A, B, or C, if such classes even exist? What is an "ordinary" share?
I would really appreciate any help I can get to assist me in understanding this...
