$6.4B total debt vs ~$3.7B cash
Company: Applied Digital
The claim, verbatim
The company has $6.4 billion in total debt against about $3.7 billion in cash and restricted cash.
Source (primary)
Applied Digital Keeps Cratering: This Analyst Keeps Insisting It’s Going to Jump by 390% - 24/7 Wall St. (-, news_article)
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Quote: “It has $6.4 billion in total debt against about $3.7 billion in cash and restricted cash.”
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Additional evidence
confirms Applied Digital Keeps Cratering: This Analyst Keeps Insisting It’s Going to Jump by 390% - 24/7 Wall St.
Quote: “It has $6.4 billion in total debt against about $3.7 billion in cash and restricted cash.”