Regarding the borrowing structure of this period, short-term liabilities
seem to increase 3 times in 2009 in which the impacts of crisis were felt, compared to the previous year, however this amount has a small share in total amount.
That is because the traditional current ratio encompasses both cycles, including both short-term liabilities
and the current portion of long-term liabilities.
Therefore, if an enterprise wants to maintain high level of financial liquidity, it must possess a large share of cash and high-liquidity assets and a small share of short-term liabilities
Current accounts and other short-term liabilities
came in at EUR357.
The Dubai developer announced a $500 million convertible five-year bond issue in late September and said it would use the proceeds to refinance short-term liabilities
and for general corporate purposes.
With the Irish budget situation causing concerns on financial markets and impacting on the euro, the European Commission approved a further extension of the public guarantee scheme for Irish credit institutions, also covering certain short-term liabilities
The proceeds from the move will be used for the repayment of short-term liabilities
and other business purposes.
7 million of short-term liabilities
from 2009 to 2011.
The company chief financial officer, Stanislav Ploschenko, said, 'The new long-term credit facilities allow Mechel the flexibility to manage our short-term liabilities
and navigate the near-term economic challenges while continuing to execute on our long-term strategy of developing production assets.
30) [Delta] liabilities = = [Delta] short-term liabilities
+ [Delta] non short-term liabilities
Companies that funded long-term assets with short-term liabilities
may face liquidity problems, such as distressed sales of assets, when creditors won't roll over the short-term loans.
Uhm argued that there is a need to deal with the vulnerabilities that led to the crisis: both issues related to short-term liabilities
and structural weaknesses.