Net debt per share

Net debt per share divides a company's net debt by its number of shares outstanding, showing how much borrowing, after netting out cash, is attributable to each individual share.

The formula is: Net debt / Shares outstanding.

A negative net debt per share means the company holds more cash than debt, the same position net debt itself describes, just expressed per share instead of as a lump sum. It's most useful compared directly against the share price, since a large net debt per share relative to the stock price means a meaningful chunk of what a buyer is paying for is offsetting borrowed money rather than the operating business.