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
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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.
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