Invested Capital (Historical)
Returns the historical invested capital for a company. Invested capital represents the total capital employed in the business.
Formula
Invested Capital = Total Debt + Total Equity - Cash and Equivalents OR Invested Capital = Fixed Assets + Net Working Capital
Parameters
| Parameter | Required | Description |
|---|---|---|
| Symbol | Yes | Stock ticker symbol |
| Year | Yes | Fiscal year or period code |
| Quarter | No | Quarter 1-4 |
| TTM | No | "TTM" for trailing twelve months |
Syntax
=hf_Invested_Capital(Symbol, Year, [Quarter], [TTM])Parameters
symbolstringRequired
Stock ticker symbol
yearstringRequired
Fiscal year or period code
quarterstring
Calendar quarter (1-4)
TTMstring
Set to 'TTM' for trailing twelve months
Returns
number
Invested capital in USD
Examples
=hf_Invested_Capital("AAPL", 2023, 4)=hf_Invested_Capital("MSFT", "ly")=hf_Invested_Capital("GOOGL", 2023, , "TTM")When to Use
- ROIC calculations
- Capital efficiency analysis
- Comparing capital bases
- Value creation assessment
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Average invested capital | hf_Invested_Capital_Average() |
| Return on invested capital | hf_Retun_on_Invested_Capital() |
| Working capital | hf_Working_Capital() |
Common Issues & FAQ
What's included in invested capital?
Typically debt + equity - cash, representing capital actively used in operations.
Why use invested capital vs total assets?
Invested capital excludes non-operating assets and focuses on productive capital.
Related Formulas
More MarketXLS Historical Fundamentals formulas you can use in the same worksheet:
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