Discover how companies report long-term debt in their financial statements, listed under long-term liabilities on the balance sheet.

Short-term debt is a financial obligation that is expected to be paid off within a year. Such obligations are also called ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

The quick ratio, also known as the acid-test ratio, measures a company's ability to pay off its current debt. Current debt includes any liabilities coming due within a year, like accounts payable and ...