RE:How is DM debt free w/ liability of $11 MThe short answer... debt is only a subset of a company's liabilities. You still have other non-cash financial obligations that you can be holding as a liability.
Debt refers specifically to the borrowing of cash.
In DM's case, given the trajectory of interest rates, it's an added bonus to be DEBT free as we are not exposed to inflationary interest expenses on loans as many other developing small caps would be.
Hope this helps clarify.
IMHO