Scribd Logo
Upload

Welcome to Scribd!

  • Long Term Liabilities Slides

    Uploaded by

    Muhammad Mukarram
    5 views2 pages
    The company's long-term debt increased substantially from $3.9 billion in 2019 to $8.5 billion in 2020, and was only $130.9 million in 2018. The company has no outstanding bonds or installment notes. The company's working capital and current ratio were negative in 2020, indicating it lacked sufficient short-term assets to cover its short-term liabilities, and its quick ratio was only 0.054, far below 1, meaning it did not have enough cash to cover current liabilities. The company's liquidity position has declined each year from 2016 to 2020.

    Original Description:

    Original Title

    Long Term Liabilities slides

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The company's long-term debt increased substantially from $3.9 billion in 2019 to $8.5 billion in 2020, and was only $130.9 million in 2018. The company has no outstanding bonds or installment notes. The company's working capital and current ratio were negative in 2020, indicating it lacked sufficient short-term assets to cover its short-term liabilities, and its quick ratio was only 0.054, far below 1, meaning it did not have enough cash to cover current liabilities. The company's liquidity position has declined each year from 2016 to 2020.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views2 pages

    Long Term Liabilities Slides

    Uploaded by

    Muhammad Mukarram
    The company's long-term debt increased substantially from $3.9 billion in 2019 to $8.5 billion in 2020, and was only $130.9 million in 2018. The company has no outstanding bonds or installment notes. The company's working capital and current ratio were negative in 2020, indicating it lacked sufficient short-term assets to cover its short-term liabilities, and its quick ratio was only 0.054, far below 1, meaning it did not have enough cash to cover current liabilities. The company's liquidity position has declined each year from 2016 to 2020.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Long Term Liabilities

    3.1-Long-term debt at end of year


    The long-term debt of the company at end of each year are as follows :
    Long-term 2020 2019 2018 2017 2016
    Liabilities (000s)
    8,538,360 3,986,863 130,983 93,809 83,892

    3.2-Bonds outstanding
    The company do not have any bond outstanding.
    3.3-Installment Notes
    The company do not have any installment notes or notes payable.
    Long Term Liabilities
    • 3.4-Debt Position
    • working capital for the firm is in negative
    • current ratio is also less for 2020
    • do not have enough cash to fulfil their current liabilities according to the quick ratio
    • The liquidity position of the firm is falling over

      2020 2019 2018 2017 2016

    Working Capital -17,399,309 -14,979,204 -10,723,530 -5,281,277 -4,077,002

    Current Ratio 0.63 0.69 0.75 0.82 0.87

    Quick Ratio 0.054 0.060 0.065 0.101 0.191

    You might also like