it's debt net of any cash knocking around
So think of a credit card debt of ?1k but ?200 in your current account. Net debt is ?800.
It only takes into account cash assets and not total assets as stated below. So would exclude the value of the ground, player registrations etc which are the club's other assets besides cash.
Posted By: pat_abb on October 20th 2012 at 11:10:11
Message Thread
- Am I right in thinking that net debt (NCFC) - Klobo04, Oct 20, 10:51:50
- it's debt net of any cash knocking around (NCFC) - pat_abb, Oct 20, 11:10:11
- Total assets minus total liabilities. (n/m) (NCFC) - mike_the_sphinx, Oct 20, 10:54:31
- That's equity. (n/m) (NCFC) - Johnny Comecardiff, Oct 20, 11:21:09
- Thats pretty much what I meant! (NCFC) - Klobo04, Oct 20, 10:57:21
- Did last year too, but this year by a much larger proportion (n/m) (NCFC) - Tony Martin, Oct 20, 10:59:05
- I was going by whats on the OS (NCFC) - Klobo04, Oct 20, 11:07:47
- Did last year too, but this year by a much larger proportion (n/m) (NCFC) - Tony Martin, Oct 20, 10:59:05
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