Net debt / Eq

Net debt over equity

One of the 61 measures in Stock Scorer, under Resilience — Can the balance sheet absorb a bad year?

How it is worked out

Net debt ÷ shareholders' equity

Debt after cash has been netted off, against the owners' book value. Zero for a company with net cash, which most of a cash-rich list will be.

How to read it

low is good; the same question as debt payback asked of the balance sheet rather than of the cash flow, so it still reads for a company burning cash. Net cash earns the top mark, which most of a cash-rich list will

Which figures it needs

Computed from 5 figures taken from the filing:

• debt_long
• debt_short
• cash
• short_term_investments
• equity

The XBRL tags behind it

These are the element names looked for in a filing, in order. The first one a company reports is the one used, and the company page names which it was — so any figure here can be checked against the filing it came from.

• LongTermDebtAndCapitalLeaseObligations
• LongTermDebtNoncurrent
• LongTermDebt
• NotesPayableNoncurrent
• LongTermDebtAndCapitalLeaseObligationsCurrent
• LongTermDebtCurrent
• DebtCurrent
• ShortTermBorrowings
• NotesPayableCurrent
• CashAndCashEquivalentsAtCarryingValue
• CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
• CashAndCashEquivalents
• ShortTermInvestments
• AvailableForSaleSecuritiesDebtSecuritiesCurrent
• MarketableSecuritiesCurrent
• OtherShortTermInvestments
• OtherCurrentFinancialAssets
• StockholdersEquity
• StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
• EquityAttributableToOwnersOfParent
• Equity

Whether it counts

This measure is not counted by default. It can be added to Resilience on the dashboard, and it then takes its share of that dimension.