Find out what a company owes, when it is due and on what terms
Debt shows up in financial statements in several places at once: a current and a long-term line on the balance sheet, borrowing and repayment lines in financing cash flows, interest expense on the income statement, and a debt note that holds the terms. Ask Search+ "What borrowings does the company have and when are they due?" and the answer cites the debt note and the balance sheet so you can read the maturities and conditions yourself.
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Last updated October 2026
How to find debt terms with Search+
- Upload the full statements with every note
The balance sheet gives totals, but the debt note, the leases note and the subsequent events note carry the detail. Add the complete statements as a PDF or Excel file, and the loan agreement too if you have it, often a signed PDF or a Word draft, so an answer can draw on each.
- Ask about each type of borrowing separately
Ask about the term loan, the revolving credit facility, notes or bonds, and any convertible instruments as separate questions. Each one tends to have its own rate, maturity, security and covenants.
- Follow references to covenants and later events
If the debt note mentions financial covenants, a waiver or a refinancing after year end, ask a follow-up about that point and open its citation. These details change how much the balance sheet figure tells you.
Questions to ask about debt
How much of the long-term debt is due in each of the next few years, according to the maturities table in the debt note?
Which borrowings carry a fixed rate and which carry a variable rate, and what reference rate and margin does the note describe?
What financial covenants does the company have to meet, and does the note say whether it was in compliance at year end?
Is any of the debt secured on the company's assets, and which assets are pledged?
How much is available but not yet drawn under the revolving credit facility, and when does the facility expire?
Does the subsequent events note describe any new borrowing, repayment or refinancing after the balance sheet date?
What to look for in debt disclosures
The balance sheet splits debt into the part due within a year and the part due later. Debt can move into current liabilities when it is close to maturity, or when a covenant breach lets the lender demand repayment, so ask why the current portion changed.
The note usually lists each facility with its interest rate, maturity, security and outstanding balance, and many include a table of repayments by year. This is where most answers about debt will come from.
Lease liabilities, guarantees and purchase commitments are often disclosed in separate notes. Ask about them by name if you want the full picture of what the company has committed to pay.
Issuance costs, discounts and premiums mean the balance sheet figure may not equal the principal the company has to repay. The note often reconciles the two.
Search+ answers with inline citations that open the supporting excerpt, with a page or section reference when the source provides one, and does not make up locations the statements lack.
Debt wording you may see and what to ask next
| Wording you may see | What it usually signals | A follow-up question |
|---|---|---|
| "current portion of long-term debt" | Repayments due within the next year | What makes up the current portion, and why did it change? |
| "revolving credit facility" | A borrowing line that can be drawn and repaid | How much is drawn, how much is available and when does it expire? |
| "secured by substantially all assets" | Lenders hold a claim over the company's assets | Which lenders hold security, and over which assets? |
| "financial covenants" | Ratios or tests the company must meet | What are the covenant tests and was the company in compliance? |
| "waiver" or "amendment" | Terms were changed, often after a covenant issue | What did the waiver or amendment change, and when? |
| "unamortized debt issuance costs" | A difference between principal and carrying amount | What is the principal outstanding before issuance costs? |
| "convertible notes" | Debt that may turn into shares | On what terms can the notes convert, and when? |
What is debt in financial statements?
Debt in financial statements is money the company has borrowed and must repay, such as bank loans, credit facilities, bonds and notes. It appears as current and noncurrent liabilities on the balance sheet, with the terms of each borrowing set out in a debt note.
Debt disclosure questions
Can Search+ find every loan a company has?
Will it tell me whether the company breached a covenant?
Can it build a repayment schedule from the debt note?
Does it compare the debt note with the loan agreement?
Is this a credit assessment of the company?
Know what is owed and when
Start a workspace, upload the statements and any loan agreement, and ask about each borrowing in turn.
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