DEBT vs TOTAL LIABILITIES vs Equity..... The Big Picture.For me I'm looking at what's happening with Total Liabilities and Equity. I think that is the Bigger Picture (The Forest)..... Where Debt, you are looking at the "Tree".
I think if you look at Total Liabilities and Equity, what's happened/ing over the past 7 years......... That explains a lot about share price performance across the sector.
Talk all you want about Debt reduction, Cash Flow....... But Look at what's happening to the Forest.
All just my opinion/view/thinking.