Net debt

Debt minus cash. Negative means the company holds more cash than debt.

In simple terms: Debt minus cash. A negative number means the company has more cash than debt.

Why should I care?

Too much debt can make a company more vulnerable when business conditions become difficult.

Calculated from reported figures

How it's calculated

Total debt − Cash & investments

In general, a lower value is considered favourable — but always compare within the same industry, because what counts as “normal” varies widely.

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