Borrowings – Cash in hand = Net Debt
Say you loaned Rs. 100 from your father. Now you used that money, did some business and generated Rs 40 profit (cash in hand). Your net debt would be Rs 60.
Net debt free is not debt free. Debt remains a debt as long as it’s not repaid to the lender.
March 2020
| Outstanding Debt | 3.36 Lakh Crores |
| Cash equivalent | 1.75 Lakh Crores |
| Net Debt | 1.61 Lakh Crores |
After fund-raise
| Jio stake sale | 1.16 Lakh Crores |
| RIL Rights Issue | 0.53 Lakh Crores |
| Total Cash-equivalent raised | 1.69 Lakh Crores |
What does "Net Debt Free" mean? Reliance debt explained
