Consolidated/Unconsolidated/NCI Question
Partners' Share of Consolidated Debt $9.9
ABC Share of Unconsolidated Debt $452.1
In a file I'm looking at, they're doing $452.1 - $9.9 = $442.2
The file says that the $442.2 is "Net JV Debt".
I don't understand why we are subtracting what we aren't entitled to (9.9) from a number that only includes what we ARE entitled to (the 452.1).
Can someone please explain? My co-workers are trying to explain to me but I don't understand...