Implicit debt includes various businesses and other derivatives, as well as unfulfilled and unrealized responsibilities. These liabilities usually only show up under certain circumstances, which will affect the company's financial position and net asset value, damage the company's financial position, but also provide investors with investment opportunities.
On the other hand, implicit debt can improve the flexibility of the company. In some special cases, investors can determine the value of the company according to unfulfilled and unrealized responsibilities.