Net Debt
A company's total debt minus the cash it holds, showing what it would owe after paying down debt with cash on hand.
What it is
Net debt is total borrowings reduced by cash and cash equivalents (and often short-term investments). The idea is that cash on the balance sheet could be used to pay off debt immediately, so it gives a truer picture of the obligation that remains. If a company holds more cash than debt, net debt is negative, often called a net cash position.
Why it matters
Net debt is the leverage figure most lenders and acquirers focus on, because it reflects the real burden after available cash is applied. A negative net debt (net cash) signals balance-sheet strength and flexibility, while rising net debt can signal stress or heavy investment. It is also the bridge between a company's market value and its enterprise value.
How it's calculated
Add up short-term and long-term interest-bearing debt, then subtract cash, cash equivalents, and (in many definitions) short-term marketable investments.
How Quintarthai uses it
Net debt is built from the Financials tab balance sheet and feeds the enterprise-value ratios shown in the Ratios tab of a company's deep-analysis page.