Calculated as long-term debt divided by working capital. A firm’s degree of reliance on long-term debt is understood by this for financing its day-to-day operations.
Calculated as long-term debt divided by working capital. A firm’s degree of reliance on long-term debt is understood by this for financing its day-to-day operations.
Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.