>>64629209Look at the picture
Hilighted in red are their total liabilities in Q2/24, in green are the total assets in Q2/24, and blue are the difference between them.
It doesn't matter if it is written as "debt" or not, liabilities are your obligations to other parties. Household debts are scary stuff but in a business it is used as a tool for you to grow. Having too many liquid assets especially cash on hand means that a company didn't utilize its available assets to its full potential.