I read an article on Business Times today about Bloomberg tabulated SGX Shares with Net Cash higher than their Market Capitalisation? In layman term, "Net Cash" means how much a company have in the bank after accounted for borrowed money. This type of investing is also called Net-Net investing made famous by Benjamin Graham. According to investopedia, Net-net is a value investing technique in which a company is valued solely on its net current assets.  The net-net investing method focuses on current assets, taking cash and cash equivalents at full value, reducing accounts receivable for doubtful accounts, and reducing inventories to  liquidation values. Total liabilities are then deducted from the adjusted current assets to get the company's net-net value. You may start to wonder: Wow..... such a value deal that Net Cash is higher than market value, which means even if the whole business were to collapse, the Cash the ......