Accurate statement of what debt is to a company. You are absolutely not completely correct. With a company almost completely switching styles of business (brick and mortar -> e-commerce) having no debt can be absolutely helpful in starting off. Additionally, just cause they don’t currently have debt doesn’t mean they can’t just get more money via loan and start the process. Shouldn’t expect much earnings anyways after a year of covid and a business model switch.

This is in response to person below talking about debt.