Financial Statements

Long-Term Debt

Definition

What is Long-Term Debt?

Borrowings due more than one year from the reporting date.

Example in practice

A ten-year bond is classified as long-term debt.

Keep learning

Income generated from selling goods or services before expenses are deducted.

The percentage increase or decrease in revenue over a period.

Direct costs attributable to goods or services sold during a period.

Gross profit expressed as a percentage of revenue.

Think you know your investing terms?

Put your knowledge to the test with a quick quiz.