Net debt
Gross debt minus cash and equivalents at the same period end - the debt load after the cash that could notionally repay it; negative means a net cash position.
Formula
Total debt − cash and equivalents (identical period end)
Served as: instant · annual. Annual and quarterly observations are never mixed unlabeled.
Where the inputs come from
- LongTermDebt fallback chain (winning tag disclosed per fact)
- CashAndCashEquivalentsAtCarryingValue fallback chain (winning tag disclosed per fact)
Listed highest priority first. Every served figure carries its filing, fiscal period and accession; open any value on the financials page to see them.
How to compare it honestly
Compare against the company's own history; the resolved tags matter across filers - some debt tags include current maturities and some cash tags include restricted cash.
When it is not served
Not computed when either leg is untagged or when the two are never tagged at the same period end - cash alone is never presented as negative net debt.
Missing data is missing evidence: it is never shown as zero and never treated as a conclusion.
What it cannot tell you
Says nothing about maturity, covenants or the cost of the debt; lease obligations may or may not be inside the winning debt tag.
Questions worth asking next
- Which tags served each leg, and do they include restricted cash or current maturities?
- How has the net position moved across the multi-year trend?
Research prompts, not recommendations.
See it computed from filings
Related in balance sheet and liquidity: Debt / equity · Current ratio · Quick ratio · Interest coverage
Definitions are descriptive and educational. Nothing here is a guaranteed signal or personalized investment advice. How the platform computes and cites every figure.