WHAT does having a debt in a company mean?
Of course, in general terms, having a debt on the balance sheet means that at one time in future, the company that has taken the debt is expected to fully repay that debt based on the agreed terms when that facility becomes due and payable. However, if the company is unable to pay its debt, it would normally restructure its facility or it may even extend the tenure of the facility but perhaps on stricter lending terms or in the worse case scenario, file for bankruptcy.
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