Is 'Total Debt' the same thing as Current Liabilities?
I'm looking at companies listed in European and HK stock markets and the phrasing is confusing the crap out of me. Thanks
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Not sure about Euro and HK companies particularly, but generally in the US, "Total Debt" is not the same as "Current Liabilities". Current liabilities usually refers to the portion of total debt that is due within the next twelve months, as well as short term liabilities like accounts payable.
Also, what the hell are interim reports? They don't seem like the same thing as quarterly reports...Are they half-year reports? Can someone confirm this?
Most/all countries outside the states do not require quarterly reporting. Interim reports are just unaudited updates from the company to its shareholders. Sometimes their are quarterly, others are semiannually. They also range in depth - some show just revenue results, others show full P&L, and still others give the equivalent of a 10-Q (usually guys who have ADR's in the US and end up filing 6-Ks).
As far as the main question, current liabilities are not the same as debt. Look for anything that says 'borrowings' or 'financial liabilities', or anything that is interest-bearing. Don't forget minority investments either.
no
Quae nihil laborum beatae eaque tempora aut. Praesentium mollitia et provident quae. Et molestiae aut ipsa non recusandae ut itaque sed.
Perspiciatis autem neque ipsam impedit perferendis. Voluptas accusamus sed rem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...