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Can anyone lead me to a thesaurus of the various terms for "debt" on financial statements (balance sheets)? I know current portion of long term debt, long term debt, capital leases, and notes payable. However it still seems to me to be difficult to nail down what exactly is debt. Seems like this should be easier somehow.--Rockythecat
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Hi Rocky!

This isn't just as simple as it sounds, so I looked into one of my favorite websites: http://www.investopedia.com/

And I asked: "what is debt?" I'd like to tell you it is,... well if this, ummm, It depends,... So I just copied the various results for YOU to check out!

Good luck;

~hildy

BTW; just add the link above to your favorites, in the "Links" folder and you can position it on the top Menu bar of your browser, so the next time you need a little help on Investor terms you will just click it and ask your question. Kapeesh?


http://www.investopedia.com/search/results.aspx?q=what%20is%20debt?

Debtor
Long-Term Debt
Liability
Debt Consolidation
Trading Below Cash
Repudiation
Repayment
Receivables Turnover Ratio
Partnership
Novation
Net Receivables
Joint Stock Company
Discharge in Bankruptcy
Debt Ratio
Current Liabilities
Chapter 11
Book Value Per Common Share
Bankruptcy
Bad Debt

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"Hi Rocky!

"This isn't just as simple as it sounds, so I looked into one of my favorite websites: http://www.investopedia.com/

"And I asked: "what is debt?" I'd like to tell you it is,... well if this, ummm, It depends,... So I just copied the various results for YOU to check out!"

_____

Thanks, hildy. I was trying to figure out what terms that appear on the balance sheet signify debt. I intended to use this to calculate some ratios, like the debt/equity ratio, for example. Your reference mentions the debt/equity ratio, but uses total liabilities to indicate debt. However, I have seen elsewhere that total liabilities include a lot more than total debt, so I remain confused. But thanks for your efforts to deconfuse me.--Rockythecat
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Short and sweet debt is things you owe.

These debts can be found in the liability section of the Balance Sheet. They differ between short term, expected to be repaid within a year or less, and long term, expected to be repaid beyond the year mentioned above.

Hope this helps a bit.

DMyers8985
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