Assets, liabilities & equity · Core
Net debt
Also called: net borrowings
ELI5
Debt minus cash and cash equivalents under a disclosed definition.
Used in conversation
“State the period, currency and accounting basis for net debt.”
Pitch context
You will see “Net debt” in financial models, budgets, board packs and investor materials when the discussion reaches assets, liabilities & equity.
Why it matters: In assets, liabilities & equity, different calculation boundaries, periods or accounting treatments can change the number and the decision.
Caution
Calculation, recognition and disclosure can vary by accounting framework, company policy and reporting context.
Sources & evidence · 4
Direct term-level sources and supporting source families.
- IFRS Foundation — IFRS GlossaryDirect source · primary · checked 2026-08-16
- Financial Accounting Standards Board — FASB Accounting Standards CodificationDirect source · primary · checked 2026-08-16
- U.S. Small Business Administration — Break-even pointSupporting source family · primary · checked 2026-08-16
- U.S. Securities and Exchange Commission — Non-GAAP Financial Measures — Compliance and Disclosure InterpretationsSupporting source family · primary · checked 2026-08-16