Here is information for a finacial company:CONSTELLATION BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in millions, except share and per share data) February 28, 2023 February 28, 2022 ASSETS Current assets: Cash and cash equivalents $ 133.5 $ 199.4 Accounts receivable 901.6 899.0 Inventories 1,898.7 1,573.2 Prepaid expenses and other 562.3 658.1 Total current assets 3,496.1 3,329.7 Property, plant, and equipment 6,865.2 6,059.6 Goodwill 7,925.4 7,862.4 Intangible assets 2,728.1 2,755.2 Equity method investments 663.3 2,688.7 Securities measured at fair value 93.2 191.4 Deferred income taxes 2,193.3 2,351.5 Other assets 697.7 617.3 Total assets $ 24,662.3 $ 25,855.8 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term borrowings $ 1,165.3 $ 323.0 Current maturities of long-term debt 9.5 605.3 Accounts payable 941.5 899.2 Other accrued expenses and liabilities 852.0 871.3 Total current liabilities 2,968.3 2,698.8 Long-term debt, less current maturities 11,286.5 9,488.2 Deferred income taxes and other liabilities 1,673.6 1,621.0 Total liabilities 15,928.4 13,808.0 C Total stockholders’ equity 8,733.9 12,047.8 Total liabilities and stockholders’ equity $ 24,662.3 $ 25,855.8 Can You compare this company’s use of debt vs equity for financing?
Here is information for a finacial company:CONSTELLATION BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED
(in millions, except share and per share data)
February 28,
2023 February 28,
2022
ASSETS
Current assets:
Cash and cash equivalents $ 133.5 $ 199.4
Accounts receivable 901.6 899.0
Inventories 1,898.7 1,573.2
Prepaid expenses and other 562.3 658.1
Total current assets 3,496.1 3,329.7
Property, plant, and equipment 6,865.2 6,059.6
Intangible assets 2,728.1 2,755.2
Equity method investments 663.3 2,688.7
Securities measured at fair value 93.2 191.4
Other assets 697.7 617.3
Total assets $ 24,662.3 $ 25,855.8
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings $ 1,165.3 $ 323.0
Current maturities of long-term debt 9.5 605.3
Accounts payable 941.5 899.2
Other accrued expenses and liabilities 852.0 871.3
Total current liabilities 2,968.3 2,698.8
Long-term debt, less current maturities 11,286.5 9,488.2
Deferred income taxes and other liabilities 1,673.6 1,621.0
Total liabilities 15,928.4 13,808.0
C
Total stockholders’ equity 8,733.9 12,047.8
Total liabilities and stockholders’ equity $ 24,662.3 $ 25,855.8
Can You compare this company’s use of debt vs equity for financing?
Debt financing is the term used to describe borrowing money from outside sources to operate a firm or finance growth. Equity financing refers to the process of raising money by selling stock or other ownership interests in the company.
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