Net debt to eq

Net debt over equity

One of the 64 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

Highest on this measure

#	Company	Net debt / Eq
1	API Agora, Inc.	0.00 x
2	AEIS ADVANCED ENERGY INDUSTRIES, INC.	0.00 x
3	GSAT GLOBALSTAR, INC.	0.00 x
4	NGS NATURAL GAS SERVICES GROUP, INC.	0.00 x
5	REI Ring Energy, Inc.	0.00 x
6	MEC Mayville Engineering Company, Inc.	0.00 x
7	RGA REINSURANCE GROUP OF AMERICA, INCORPORATED	0.00 x
8	RZC REINSURANCE GROUP OF AMERICA, INCORPORATED	0.00 x

The fifty highest on this measure, worked out from the same filings.

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
LongtermBorrowings
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.