Long-Term Debt

John B. Guerard and Eli Schwartz
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John B. Guerard: McKinley Capital Management, Inc.
Eli Schwartz: Lehigh University

Chapter Chapter 9 in Quantitative Corporate Finance, 2007, pp 187-222 from Springer

Abstract: Abstract Long-term debt is the term given to those obligations the firm does not have to pay for at least a year. They are also called funded debt or fixed liabilities. Items that may be classed as long-term debt are bonds, debentures, term loans, or, in small firms, mortgages on buildings. The portion of the long-term debt due within the current year is carried in the current liability section of the balance sheet. Firms in the US issue far more debt than equity shares.

Date: 2007
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DOI: 10.1007/978-0-387-34465-2_9

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