Hey guys,
I got some questions regarding the components of net debt. I know that you generally take into account all components which are interest-bearing. Firstly, could you give me the intuition why this is the decisive criteria for including components in net debt?
Secondly, which components do you include in net debt? Notes payable, bank loans, pension obligations resulting from funding gaps and both types of leases less non-restricted cash? Which components did I miss and do you know a source which explains how to account for pensions?
Thanks in advance!
Seb