To show how to calculate long-term debt on a balance sheet, Investing Answers, an online financial reference guide, gives the example of XYZ company, which borrows $12 million from the bank and ...

A loan, or note, represents money a business owes to a lender, such as a bank. A company might make periodic interest payments and repay the principal balance on a specific future date, or it ...

With this latest prepayment, Tutor Perini has successfully accelerated the deleveraging of its balance sheet, reducing total debt by $477 million, or 52%, since December 31, 2023.