Definition of short and long-term debt

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#1

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!

#2

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