Net Debt
Total debt less cash and equivalents — the borrowings that would remain if all cash were used to pay down debt. Negative net debt means the company holds more cash than debt (a net cash position). The headline leverage figure for most analyses.
Formula
Total Debt − Cash & Equivalents
Related terms
Metrics on this page are computed by Moatkeep from reported filings and market data and are estimates: they depend on modelling choices (e.g. period alignment, share counts, currency) and on the underlying data being correct. Definitions are in the glossary. Figures are not investment advice — see the full disclaimer.