DLS
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0.00% 69.0¢ drillsearch energy limited

I am new to DLS and would like to clarify something. The company...

  1. Mtttaaa
    7 Posts.
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    12/12/14
    15:10
    Post #: 14452756
    I am new to DLS and would like to clarify something. The company is boasting cash balance of $169m but at the same time doesn't the company carry debt? ie net debt of $1m. Does that mean they have a debt of $170m?
    In other words, the cash on hand is actually debt money. Please correct me if I am wrong but the debt/equity ratio stands at 42.2% from what I can see.
    DLS Price at posting: 69.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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