What does Net Debt / Tang Assets, Last Yr mean?
Net Debt to Tangible Assets is a measure of the extent to which a company's assets are financed by debt. It is, therefore, a measure of its financial risk - the higher the ratio, the greater risk will be associated with the firm's operation. In addition, high debt to assets ratio may indicate low borrowing capacity of a firm, which in turn will lower the firm's financial flexibility. Like all financial ratios, a company's debt ratio should be compared with industry peers. This version excludes intangibles and goodwill.
Stockopedia explains Net Debt / Tang Assets, Last Yr...
Net debt is the level of debt remaining assuming all cash and equivalents were used to immediately pay of debt. A negative number means more cash than debt.
