Net Debt An Explanation Required

Monday, Mar 20 2017 by

I wonder if anyone would be so kind as to explain Stockopedia's net debt analysis.

Take for example PEG/ PETARDS I see its net debt column line (over consecutive years) to be 1.48….....0.089……..0.078……..0.090……- 0.94…….- 0.78.

What does the (minus) – signify? What does no (minus) signify? It was a natural/instinctive assumption for me to presume that each and every net debt figure would come with a minus because debt is a minus. Thanks for any replies and excuse anynaivety shown by myself. 

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Petards Group plc (Petards) supplies advanced security and surveillance systems. The Company operates in the development, supply and maintenance of technologies used in advanced security, surveillance and ruggedized electronic applications segment. It offers software driven on-board digital video and sensor systems for fitment to new build or retrofitted to existing rolling stock, and its applications include driver only operation, condition monitoring, saloon car closed circuit television (CCTV), drivers view cameras and automatic passenger counting systems. It offers electronic defensive countermeasure systems for fitment to rotary and fixed wing aircraft, threat simulation systems and mobile radios predominantly for the United Kingdom Ministry of Defense. It offers mobile speed enforcement and automatic number plate recognition (ANPR) systems to law enforcement agencies, and is sold under the Provida brand. It serves markets, including transport, defense and emergency services. more »

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3 Posts on this Thread show/hide all

herbie47 20th Mar '17 1 of 3

If you click on net debt it will explain it to you, here is part of it: "Net debt is the level of debt remaining assuming all cash and equivalents were used to immediately pay off debt. Please note that a negative net debt number means more cash than debt (i.e. net cash)."

So a minus is in fact a positive, ie it has more cash than debt.

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Stephen James 20th Mar '17 2 of 3

In reply to post #176633

Thank you very much for your time and your reply I am extremely grateful and somewhat a lot wiser now also.

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herbie47 20th Mar '17 3 of 3

In reply to post #176636

You are welcome, it is a bit confusing at first.

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