LONG TERM DEBT Definition

LONG TERM DEBT is all senior debt, including bonds, debentures, bank debt, mortgages, deferred portions of long term debt, and capital lease obligations. If a firm shows little to no long term debt over the years and/or their earning power could allow them to pay off their long term debt within 3-4 years, it is a good indicator of a sustainable competitive advantage.

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OTHER INCOME is income from activities that are not undertaken in the ordinary course of an entitys business.

ASRB is Accounting Standards Review Board.

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