Over the past three months, shares of PulteGroup Inc. (NYSE:PHM) rose by 8.52%. When understanding a companies price change over a time period like 3 months, it could be helpful to look at its financials. One key aspect of a companies financials is its debt, but before we understand the importance of debt, let's look at how much debt PulteGroup has.
Based on PulteGroup's balance sheet as of October 25, 2022, long-term debt is at $657.19 million and current debt is at $2.05 billion, amounting to $2.70 billion in total debt. Adjusted for $231.30 million in cash-equivalents, the company's net debt is at $2.47 billion.
Let's define some of the terms we used in the paragraph above. Current …