Creditors
What the company actually owes — to banks, suppliers, affiliated undertakings and the state.
The Luxembourg balance sheet breaks creditors down by kind: debenture loans, amounts owed to credit institutions, payments received on account of orders, trade creditors, bills of exchange payable, amounts owed to affiliated undertakings and to undertakings linked by participating interests, tax and social security debts, and other creditors.
A large creditors figure is not bad in itself. A growing company borrows to grow, and supplier payment terms are an ordinary source of funding. What matters is the ratio: how much is owed against assets or equity, and how much falls due within the year.
A note on how this site reads the line. The model in force since 2016 has a single “Creditors” heading. The earlier model had none: it separated subordinated from non-subordinated creditors and never added them together. For years before 2016 the figure shown is therefore non-subordinated creditors, which is very nearly all of it.
Creditors are distinct from provisions, which cover likely charges whose amount or timing is not settled, and from total liabilities, which takes in both.
Where this figure comes from
Read from the “Creditors” line of the filed balance sheet (eCDF variable 435; 339 for years before 2016).
Related terms