Long-term debt: the meaning
Loans and other debts due after more than one year.
Long-term debt is not bad in itself: it often funds things that last.
How to read it
Normal for investments such as buildings or machines. Check whether the company earns enough (EBITDA) to repay them.
On Nummo you find this figure in the Figures tab of every company that filed annual accounts, over the years. In the tables, a small card gives this explanation in short.
How to calculate it
item 17
The item numbers follow the official format of Belgian annual accounts, which builds on the European Accounting Directive.
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