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Thread: Hoi Les or manker

  1. #1
    JPaul's Avatar Fat Secret Agent
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    Is a debt considered to be an asset, in your black art.

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    Gripper's Avatar Dexter's Apprentice.
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    All spelling mistakes and grammatical errors in my post's are intentional.

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    JPaul's Avatar Fat Secret Agent
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    Does that mean "yes" sorry but I'm not big into the black arts.

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    Gripper's Avatar Dexter's Apprentice.
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    Sorry I didn't understand it either,thought it might enlighten you a bit.

    All spelling mistakes and grammatical errors in my post's are intentional.

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    JPaul's Avatar Fat Secret Agent
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    100%'s Avatar ╚════╩═╬════╝
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    If you owe Ben Afleck 2 gran it is not an asset.

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    JPaul's Avatar Fat Secret Agent
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    Cheers, that's cleared it up.

    Stand down bankers.

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    Barbarossa's Avatar mostly harmless
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    Quote Originally Posted by JPaul View Post
    Is a debt considered to be an asset, in your black art.
    Are you the one in debt, or is someone in debt to you?

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    JPaul's Avatar Fat Secret Agent
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    Quote Originally Posted by Barbarossa View Post
    Quote Originally Posted by JPaul View Post
    Is a debt considered to be an asset, in your black art.
    Are you the one in debt, or is someone in debt to you?
    Neither.

    It's in relation to a thing.

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    Biggles's Avatar Looking for loopholes
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    Debt does appear on the Balance Sheet but as a liability. It is part of the funding of the business but it cannot be shown as an asset otherwise it will muck up your gearing ratio (how much you have borrowed against assets).

    Some companies tried to get really cute with debt a few years ago and put them under assets and amortised them. It made them look more liquid than they really were. They all went spectacularly tits up. I think they were largely responsible for the Cadbury Report. Coloroll the wallpaper crowd were culprits of this as I recall. Everything looked all right on the books but when interest rates peaked in the mid 90s they couldn't service the debts. A kind of mini Enron.

    Not sure if that helps really
    Cogito cogito ergo cogito sum


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