Our Fundamentals API provides crucial information on corporate debt so that users could better understand the structure of the companies’ obligations. Due to the complexity of this section, and the appearance of several debt-related fields, there is a brief description of the fields.
Debt Fields Description
netDebt: a metric that shows how much debt a company has on its balance sheet compared to its liquid assets.
netDebt = shortTermDebt + longTermDebt – Cash
shortTermDebt: this refers to any debt that is due within one year or less. This may include loans, credit card balances, and other obligations that are expected to be paid off within the next 12 months.
shortLongTermDebt: the current portion of the long-term debt is the portion of the long-term debt that is due within the next 12 months. For example, if a company has a 5-year loan for $100,000, the current portion of that loan would be the amount due in the next 12 months.
longTermDebt and longTermDebtTotal are the same fields. Long-term debt refers to any debt that is due in more than one year. This often includes financing agreements for large purchases such as real estate, equipment, or vehicles. These debts may have repayment periods of several years or even decades.
shortLongTermDebtTotal: the total debt.
In summary, short-term debt is any debt due in the next 12 months. The current portion of long-term debt is the portion of a long-term debt obligation due within the next 12 months. Long-term debt is any debt due in more than one year. These are the debt fields that we have, explained!
You can find those fields in the “Balance_Sheet” of the “Financials” section. You can check the structure of the Fundamentals API output using the following URL request:
Please also check the Fundamentals Glossary article for a better understanding of the various fields of the common stock fundamentals template of the API.