Net Debt Components

This problem tests whether a candidate knows how to build a company’s net debt from the balance sheet and related financial claims. In investment banking interviews, this matters because net debt is a key input in valuation, especially for enterprise value and deal comparisons, so candidates need to know which obligations count as debt, which items are treated as cash or non-operating assets, and why those amounts are adjusted against one another. Interviewers use questions like this to check both accounting awareness and the ability to think cleanly about what belongs in a valuation bridge.