Definition of short and long-term debt

Hi, please could you clarify if a 1 year term business/corporate loan is defined as long or short term debt? Per SBTi, long-term debt is more than one year and short-term debt is less than one year. So what would a 1-year term loan be classified as? We intend to classify it as short term, but we want to double check our assumption.

Thanks!

Hi Jo, thanks for the question. short term debt can be considered up to an including one year, so your assumption is correct.