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Negative net gearing, what does it mean?

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11 November 2015
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Hi everyone. Just wondering what negative net gearing means? I am under the impression net gearing is long-term debt to shareholder equity so how does one get a negative number? Thanks!

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Gross debt is netted off against cash to give net debt.

$83m in debt $100m in cash = -$17m in net debt.
 
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