Why is there a difference between the debt shown in the notes to financial statements and the debt shown on the balance sheet?
Why is there a difference between the debt shown in the notes to financial statements and the debt shown on the balance sheet? I was asked this question at a mid-sized investment bank.
Depends on the situation but most likely it’s because debt on BS is shown net of issuance costs / OID etc, while in notes it’s shown as full face value (to be paid back).
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