Net debt including out of the money convertible securities?
Hey monkeys,
Reading recently the manual for new analysts at a BB it says the following:
Net Debt = financial debt (short and long-term) + non-convertible preferred stock (at liquidation value) + out-of-the- money convertible securities + capital leases + minority interest – cash and cash equivalents – investment in unconsolidated affiliates if deemed “liquid”
Care to explain why you would include out of the money convertible securities? I understand that preferred stock is some kind of debt due to interest payments being dividends paid somehow.
Thanks in advance!
lifeboat, sorry about the lack of response. Maybe one of these topics will help:
If those topics were completely useless, don't blame me, blame my programmers...
Aut iste eligendi possimus architecto qui debitis. Aut quae nam quo et quo.
Facere autem fuga repudiandae et. Alias voluptatem numquam debitis soluta ea. Expedita deserunt laudantium necessitatibus nostrum adipisci et maxime. Unde eos ut sed nihil.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...