Hi
I am new to share dealing. When looking at the net debt of a company. If the figure shows -6.5m, is this 6.5m in debt or out of debt, if out of debt this would therefore would be net cash?
Similarly, if the net profit shows at -5m, I presume this is a loss?
Sorry if this sounds a bit simple, just trying to ensure I don't make a mistake with workings out
Thanks
Ash
Experienced UKCC Level 3 Senior Swim Coach | Over 20yrs of Teaching & Coaching Experience | S4 Swim School founder & Operator | Organisation Value Creator I am an extremely motivated and enthusiastic individual and I adapt easily and quickly to new challenges & environments. I have a hardworking ethic and a reputation for ‘leading from the front’. I have a HUGE passion for swimming and developing swimming performance from Age Group through to Elite Athletes. more »
the minus = a positive in net debt ie -6.5 is a positive 6.5 balance. the same with net gearing %
the minus = a loss in net profit
If you click on the words "Net Debt" ( in blue font) it gives a really good explanation. The same goes for any of the links on the page. I find it extremely helpful.
