LT Debt
LongTermDebtAndCapitalLeaseObligationsLongTermDebtNoncurrentLongTermDebtLong-term debt is the total of a company's debt obligations that fall due more than one year after the balance-sheet date, typically combining long-term borrowings such as bonds, notes, and term loans with the noncurrent portion of finance lease obligations. It is reported among noncurrent liabilities.
Principal due within the next year is excluded and shown instead as current maturities within current liabilities, where it counts toward short-term debt. Long-term debt plus short-term debt equals total debt.
Regulation S-X Rule 5-02.22 treats bonds, mortgages, other long-term debt, and capitalized leases as one caption, and requires each issue or type to be described with its interest rate, maturity, priority, and conversion terms. The debt footnote is where those details and the schedule of future maturities appear. Debt is carried at amortized cost, net of unamortized discounts, premiums, and debt issuance costs, rather than at market value.
XBRL tagging needs care because the elements differ in scope. LongTermDebtAndCapitalLeaseObligations covers noncurrent debt together with lease obligations. LongTermDebtNoncurrent excludes both current maturities and lease obligations, so it matches long-term borrowings more closely. LongTermDebt, despite its name, includes the portion due within a year. Companies choose different tags for similar-looking lines, so a figure labeled long-term debt may or may not include leases, and may or may not include current maturities. GeminIQ's total debt uses the company's reported total when one exists, and otherwise sums short-term and long-term debt.
Long-term debt is the core input to most leverage measures, including long-term debt to equity, long-term debt to capital, and debt to EBITDA. Analysts pair the balance with the maturity schedule to judge refinancing risk: a large amount maturing in a single year when credit markets are tight is riskier than the same amount spread out. The fair value disclosed in the footnote can also differ materially from the carrying amount after large moves in interest rates, which affects what it would cost the company to retire the debt early.
A: No. Long-term debt is only interest-bearing borrowings and finance leases due after a year. Total liabilities also include accounts payable, accrued expenses, deferred revenue, deferred taxes, pensions, and other obligations.
A: Usually not in the reported line, since operating lease liabilities are presented separately under ASC 842. Some analysts add them when measuring leverage, so check which definition a ratio uses.
A: It shows how much debt comes due each year. Heavy maturities in a short window increase the risk that the company must refinance at higher rates or at a bad time.
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