Catalyst List

How the cash, debt and per-share figures are calculated and verified

1. Source and date. Cash and debt are taken from each company's most recent balance sheet (10-Q or 10-K; interim 6-K for foreign filers). The balance-sheet date is shown on every name and can be months old. Later financings, repayments and cash burn are not reflected. Every name links to the filing so you can check the figures yourself.
2. Cash = cash and cash equivalents plus short-term and long-term investments and marketable securities (the long-term part is shown separately where it applies). Restricted cash and equity stakes in other companies are excluded.
3. Total debt = borrowings (term loans, credit lines, convertible notes, notes payable and finance leases) plus warrant liabilities, at carrying value. It excludes operating leases, royalty financings and deferred revenue. ST debt is the part due within 12 months. Where an instrument is mixed or unusual, the name carries a note and the filing link.
4. Net cash per share = (cash minus borrowings) divided by fully diluted shares. For this figure, borrowings exclude warrant liabilities (non-cash, and their shares are already in the diluted count) and exclude convertible debt that is in the money (its shares are already counted), so nothing is counted twice. A negative number means net debt. The Total debt column still includes warrant liabilities, shown on their own line. The red flag on ST debt means short-term borrowings (excluding non-cash warrant liabilities) exceed cash.
5. Fully diluted shares = shares outstanding (latest filing cover, adjusted for later offerings and reverse splits) plus pre-funded warrants, restricted stock units, in-the-money convertibles, and in-the-money options and warrants counted by the treasury stock method at the share price shown. Where a filing gives only a weighted-average strike, it is applied to the whole group, which can understate dilution. Each name shows its components, a note on anything unusual, and a link to the filing. Names whose share count and dated price may not be on the same basis (for example after a reverse split or merger) are flagged.
6. Price. The share price and market cap are from the date shown, not live. Comparing net cash per share with the price is only as current as that date.
7. Verified against the filings. Every figure is taken directly from the company's own SEC filing, checked line by line against the filing text and cross-checked with SEC's structured data, and every name links to the exact document. Filings can be amended after publication, so the linked filing is always the final word. Spotted a difference? Tell us and we will correct it. Publisher information only, not investment advice.