A Look Into Baidu's Debt
Portfolio Pulse from Benzinga Insights
Baidu Inc.'s shares have increased by 12.97% in the past three months. The company's total debt stands at $12.14 billion, with $9.16 billion in long-term debt and $2.98 billion in current debt. After adjusting for $7.71 billion in cash-equivalents, the net debt is $4.43 billion. Baidu's total assets are $56.69 billion, making the debt-ratio 0.21. Debt is an important factor in a company's capital structure and contributes to its growth.
July 12, 2023 | 1:00 pm
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Baidu's shares have seen a significant increase in the past three months. The company's debt stands at $12.14 billion, with a net debt of $4.43 billion. The debt-ratio is 0.21, indicating a moderate level of financial leverage.
The increase in Baidu's shares over the past three months indicates a positive market sentiment towards the company. The company's debt levels and debt-ratio suggest a moderate level of financial leverage, which could impact the company's ability to raise further capital or its risk of default. However, the company's net debt is less than its total assets, indicating a healthy financial position.
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IMPORTANCE 80
RELEVANCE 100