A Look Into Nutrien's Debt
Portfolio Pulse from Benzinga Insights
Nutrien Inc.'s shares have fallen by 18.05% in the past three months. The company's total debt stands at $10.72 billion, with $8.04 billion in long-term debt and $2.68 billion in current debt. After adjusting for $901.00 million in cash-equivalents, the net debt is $9.82 billion. The debt-ratio, considering Nutrien's $54.59 billion in total assets, is at 0.2. Debt is a crucial factor in a company's capital structure and can impact its growth and cash-flow.
July 13, 2023 | 5:45 pm
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Nutrien Inc.'s shares have seen a significant drop in the past three months. The company's high total and net debt could be a contributing factor. The debt-ratio of 0.2 indicates a moderate level of financial leverage.
The drop in Nutrien Inc.'s shares could be attributed to its high total and net debt. The debt-ratio of 0.2, while not excessively high, still indicates a certain level of financial leverage which could be a concern for investors. The impact of the company's debt on its capital structure and growth could also be influencing the stock price.
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