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SO

Southern Inc.'s total debt stands at $59.46 billion, with $52.06 billion in long-term debt and $7.40 billion in current debt. After adjusting for $1.05 billion in cash-equivalents, the net debt is $58.41 billion. The company's debt ratio is 0.44, considering its total assets of $134.76 billion. Debt is an important factor in a company's capital structure and contributes to its growth, but it can also put the company at risk for default if interest rates increase.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 1:15 pm

LGND

NOVN

Novan has entered into an agreement to sell substantially all of its assets, including Berdazimer Gel, 10.3% (Sb206), and has filed for Chapter 11 protection. Ligand has committed to fund $15M in debtor-in-possession financing.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 12:48 pm

ALEAF

RWBYF

Red White & Bloom Brands Inc. (RWBYF) and Aleafia Health Inc. (ALEAF) have mutually terminated their proposed business combination transaction due to lack of approval from holders of Aleafia convertible debentures. Aleafia is currently in breach of certain covenants under the Aleafia senior secured loan agreement, and RWB is considering all available options. Aleafia's board of directors is exploring potential strategic alternatives.

Portfolio Pulse from Vuk Zdinjak

July 17, 2023 | 11:53 am

ID

PARTS iD, Inc. (NYSE:ID) has announced two new funding agreements that will provide the company with $7.0 million in immediate proceeds. The first agreement is a $3.75 million investment by Lind Global Partners II, LP, a fund managed by The Lind Partners. Two company insiders, including CEO Lev Peker, and one external investor co-invested an additional $3.25 million. The funds will be used to repay and retire outstanding debt owed to JGB Capital and for general working capital needs.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 11:35 am

ARKK

BABA

BTCUSD

ETHUSD

TSLA

US markets remain bullish following strong bank earnings. ARK's flagship fund sees a $717M exodus from investors. Wall Street strategist issues troubling assessment of stock-market rally. Biden receives $200K funding from OpenAI CEO for 2024 campaign. Pay raises beat inflation, providing financial relief to American workers. China's Q2 GDP miss stirs unease, impacting Alibaba, BYD, and other stocks. Tesla's Q2 results expected to show short-term margin disappointment but good recovery beyond. BlackRock CEO reveals high demand for Bitcoin, Ethereum among gold investors.

Portfolio Pulse from Akanksha Bakshi

July 17, 2023 | 9:53 am

GS

Former Goldman Sachs executive Raoul Pal predicts a looming crisis that will force the Federal Reserve to introduce bailout packages. He suggests that the crisis will allow the Federal Reserve to abandon its strict monetary policy and provide the necessary liquidity to address the substantial national debt. He also mentioned that the current market setup resembles the 2015-2016 cycle.

Portfolio Pulse from Bibhu Pattnaik

July 16, 2023 | 4:27 pm

GS

JPM

WFC

This week's economic news includes Warren Buffett's solution for the US deficit, Paul Krugman's comments on June inflation, and Jamie Dimon's economic concerns. Major US banks, including Goldman Sachs, JP Morgan, and Wells Fargo, have written off $5bn in loans. Speculation about a rate hike has cooled as US producer inflation softens.

Portfolio Pulse from Benzinga Neuro

July 15, 2023 | 11:48 pm

SHEL

Shell Inc.'s total debt stands at $85.67 billion, with $73.87 billion in long-term debt and $11.79 billion in current debt. After adjusting for $20.31 billion in cash-equivalents, the net debt is $65.35 billion. The debt-ratio, considering Shell's $407.10 billion in total assets, is at 0.21. Debt is an important factor in a company's capital structure and contributes to its growth.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 8:15 pm

CGC

Canopy Growth Corp. (NASDAQ:CGC) has announced measures to reduce its debt and enhance financial flexibility. The company plans to reduce its total debt by approximately $437 million within the next six months, with annual interest expense savings estimated to range from $20 to $30 million. The company will also convert approximately 41% of the existing notes into common shares. Additionally, Canopy Growth will redeem a portion of its outstanding senior notes due in July 2023, settling approximately $193 million in principal amount with a combination of cash, common shares, and newly issued convertible debentures.

Portfolio Pulse from Joana Scopel

July 14, 2023 | 7:58 pm

DOW

Dow Inc.'s shares have decreased by 6.41% over the past three months. The company's total debt stands at $15.26 billion, with $14.74 billion in long-term debt and $525 million in current debt. After adjusting for $3.32 billion in cash-equivalents, the net debt is $11.95 billion. The debt-ratio, considering Dow's $59.32 billion in total assets, is at 0.26.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 7:30 pm