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Balance sheet

Total Debt

The sum of a company's interest-bearing borrowings — short-term and long-term loans, bonds, and lease obligations.

Part of the Reading Financial Statements course · Lesson 20 of 33
Formula
Short-Term Debt + Long-Term Debt + Lease Obligations

What it is

Total Debt is the combined amount a company owes on its interest-bearing obligations, including short-term borrowings, the current portion of long-term debt, long-term loans, bonds, and capitalized lease liabilities. It is a narrower figure than total liabilities, which also includes non-debt items like accounts payable and deferred taxes. It is drawn from the liabilities side of the balance sheet.

Why it matters

Total Debt measures financial leverage and is central to solvency ratios like Debt-to-Equity and Net Debt, helping you judge how much risk borrowing adds. A common pitfall is comparing total debt without netting out cash, or ignoring lease liabilities that modern accounting now puts on the balance sheet.

How it's calculated

Add short-term debt (including the current portion of long-term debt) to long-term debt, plus capitalized lease obligations where reported.

How Quintarthai uses it

Total Debt feeds the leverage ratios on the Ratios tab and appears in the balance sheet on the Financials tab; both are on the company page at /app/.

Cross-border note. Under both IFRS 16 and US GAAP most leases are capitalized, but classification differences in lease accounting can cause modest variation in reported debt between Canadian and US filers.

FAQ

Is Total Debt the same as Total Liabilities?
No. Total Debt counts only interest-bearing borrowings, while total liabilities also include non-debt obligations like accounts payable, accrued expenses, and deferred taxes.
What is Net Debt?
Net Debt is Total Debt minus cash and equivalents, showing the debt that would remain if the company used its cash to pay down borrowings.
Related terms
See Total Debt on a real company
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