A Look Into Advanced Drainage Systems Debt
Shares of Advanced Drainage Systems (NYSE: WMS ) increased by 1.99% in the past three months. Before we understand the importance of debt, let us look at how much debt Advanced Drainage Systems has. Advanced Drainage Systems''s Debt Based on Advanced Drainage Systems''s financial statement as of February 4, 2021, long-term debt is at $817.88 million and current debt is at $25.96 million, amounting to $843.84 million in total debt. Adjusted for $224.00 million in cash-equivalents, the company''s net debt is at $619.84 million. 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, while Full story available on Benzinga.com
A Look Into Advanced Drainage Systems Debt
Shares of Advanced Drainage Systems (NYSE: WMS ) increased by 1.99% in the past three months. Before we understand the importance of debt, let us look at how much debt Advanced Drainage Systems has. Advanced Drainage Systems''s Debt Based on Advanced Drainage Systems''s financial statement as of February 4, 2021, long-term debt is at $817.88 million and current debt is at $25.96 million, amounting to $843.84 million in total debt. Adjusted for $224.00 million in cash-equivalents, the company''s net debt is at $619.84 million. 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, while Full story available on Benzinga.com