balance sheets att orlando g, page-2

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    "is long term debt already included in
    total debt"

    by definition, yes.

    "and what is preferred stock"

    in Australia, it is called Preference Shares, usually with cumulative dividend % payment. Conventionally they are treated as part of shareholders equity but has a higher ranking than ordinary shares in the event of liquidation. Some analysts may treat Preference Shares as a form of borrowing/debts when they analyze balance sheet strengths.

    Just my opinion.

 
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