RE:RE:DebtSo here it is:
1. Interestingly I believe there is some kind of calculation error on their financial statements currently. Their long term debt should be $992 million, not $1.122 billion.Look at note 7 on their financial statements and compare it to how the Dec. 2022 calculation was made. Wonder what the heck is going on there.
2. Net Debt = short term + long term debt - cash and cash equivalents, so it is kind of in flux on a day to day basis
3. Cash - notice how they have almost no cash on the balance sheet? Treasuries at companies like this will often maintain as close to a zero balance as possible in their account. When a big payment comes through they might draw from the LOC to pay it and then wind that down through cash flows or something. If the cash starts to build up they might make a bunch of buybacks.
Overall I don't think that their debt is any concern and the quarterly fluctuations in net debt shouldn't be something to fret about =)
Now I am about to email their investor relations team and see about this Note 7!