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Current Ratio
A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer than a year.
Short-term Note
A financial instrument typically due for repayment within one year, often used for short-term financing needs.
Long-term Debt
Refers to loans or other forms of financial obligations that are due for repayment beyond the next year or operating cycle.
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