What would you say of a company whose Stockholder's Equity and EBIT increased, but its cash account, net debt and net income decreased? That the company liquidated some of its debt financing because of maturity, or otherwise converted into equity shares. That the company must have had great cash inflows by means of income directly applied to reducing debt. That the company had a very profitable accounting period most with liquid income that directly covered financing expense. That the company managed to lower costs significantly, adding its resulting cash balance to its retained earnings