PNM Resources: Debt Overview
Over the past three months, shares of PNM Resources (NYSE: PNM ) moved lower by 0.95%. Before we understand the importance of debt, let us look at how much debt PNM Resources has. PNM Resources''s Debt According to the PNM Resources''s most recent balance sheet as reported on April 30, 2021, total debt is at $3.41 billion, with $2.21 billion in long-term debt and $1.21 billion in current debt. Adjusting for $7.52 million in cash-equivalents, the company has a net debt of $3.41 billion. Let''s define some of the terms we used in the paragraph above. Current debt is the portion of a company''s debt which is due within 1 year, Full story available on Benzinga.com
PNM Resources: Debt Overview
Over the past three months, shares of PNM Resources (NYSE: PNM ) moved lower by 0.95%. Before we understand the importance of debt, let us look at how much debt PNM Resources has. PNM Resources''s Debt According to the PNM Resources''s most recent balance sheet as reported on April 30, 2021, total debt is at $3.41 billion, with $2.21 billion in long-term debt and $1.21 billion in current debt. Adjusting for $7.52 million in cash-equivalents, the company has a net debt of $3.41 billion. Let''s define some of the terms we used in the paragraph above. Current debt is the portion of a company''s debt which is due within 1 year, Full story available on Benzinga.com