Renegotiate loan terms or they may turn into ‘current liabilities’, auditors warn companies

If the loans are classified as “current liabilities” in the year-end financials, it will impact the company’s liability-to-asset ratio, hindering its ability to raise further funds.

source https://economictimes.indiatimes.com/industry/banking/finance/renegotiate-loan-terms-or-they-may-turn-into-current-liabilities-auditors-warn-companies/articleshow/80340386.cms