NFD

Examples of NFD in the following topics:

• Using Financial Statements to Understand a Business

  • RNOA is return on net operating assets, NFIR is the net financial interest rate, NFD is net financial debt and E is equity.

• Balance Sheet Analysis

  • Return on equity, ROE, could be decomposed: ROE = RNOA + (RNOA - NFIR) * NFD/E