What are the long-term liabilities of listed companies?

Long-term liabilities refer to debts with a repayment period of one year or more than one business cycle, including long-term loans, bonds payable and long-term payables.

Long-term liabilities have the following characteristics:

First, the basic premise of ensuring the repayment of long-term liabilities is that enterprises have strong short-term solvency and will not go bankrupt and liquidate. Therefore, short-term solvency is the basis of long-term solvency;

Second, due to the large amount of long-term liabilities, the repayment of its principal must have a process of accumulation. In the long run, all the truly reported income will eventually be reflected in the net cash inflow of the enterprise, so the long-term solvency of the enterprise is closely related to the profitability of the enterprise;

Third, the amount of long-term liabilities of enterprises is related to the rationality of their capital structure, and long-term liabilities cannot be considered only from the perspective of debt repayment. It is also from the perspective of maintaining the rationality of the capital structure. Maintaining a good capital structure can also enhance the solvency of enterprises.

Economic obligations caused by past economic activities, which can be measured in money and have a repayment period of 1 year or more than one business cycle 1 year. Common long-term liabilities include long-term loans, corporate bonds, housing accumulation funds and long-term payables.