Net Debt Question
Hey guys quick question that I am stuck on. I came across a couple companies that have negative net debt... How can a company have negative net debt? Is this because it is net of cash, so basically the excess cash balance is being subtracted from debt resulting in it being negative because it is higher than the amount of outstanding debt? Been searching around for an answer on this one and haven't found much. Thanks
yes dawg u got it where u see this?
Cash > Debt => Negative Net Debt
Okay thanks. Its on Cap IQ. I am doing comps on a select group of companies, and see several with negative net debt which I thought was skewing my enterprise value calculations
kk yes this is roit
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