> a net cash neutral position over time It's debt to cash-in hand ratio. Apple currently, as of March 2021, had US$120.2B of debt [1]. So, if they have $120.2B

> a net cash neutral position over time It's debt to cash-in hand ratio. Apple currently, as of March 2021, had US$120.2B of debt [1]. So, if they have $120.2B of cash, then it neutralizes their balance sheet. And, that's what the net cash neutral position is. [1] - https://simplywall.st/stocks/us/tech/nasdaq-aapl/apple/news/apple-nasdaqaapl-could-easily-take-on-more-debt https://simplywall.st/stocks/us/tech/nasdaq-aapl/apple/news/... Edit - I missed adding liabilities. But, it will complicate the above terminology, a bit more. Although, I hope you got the idea.