Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
Total borrowings minus cash and cash equivalents — the borrowing that would remain if the company used its spare cash to repay lenders.
The bridge between the price of the shares and the price of the business. A company with more cash than debt has negative net debt.
Borrowings minus cash, divided by operating earnings.
Years of earnings needed to repay all debt. It is what rating agencies lead with.
Amounts owed to suppliers for goods and services received in the ordinary course of business.
Funding with no interest line, no covenant and no credit rating, and none of it appears in borrowings, net debt to EBITDA or debt-to-equity. It is repayable on demand in the only sense that matters: the supplier can stop supplying.