Right, Not Hope: How to Read the Current and Non-Current Classification of Liabilities and the Covenant Rule in an Indian Annual Report

Two stacked columns showing the same loan classified as due later under the old exception and as current under the amended rule, with the current ratio falling from 1.29 to 0.74

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Manish Goel, FCA

Indian Market Context, Premium

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Right, Not Hope: How to Read the Current and Non-Current Classification of Liabilities and the Covenant Rule in an Indian Annual Report

More posts

The Half-Life of Facts: Burton and Kebler’s 1960 Borrowed Metaphor, Poynard’s Forty-Five-Year Measurement of Clinical Truth, and Why the Long-Term Equity Investor Dates Every Input to a Thesis

Hanlon’s Razor: Bloch’s 1980 Printing of an Older Warning, the Arithmetic of Intent and Error, and Why the Long-Term Equity Investor Writes the Tripwire Before the Surprise

Occam’s Razor: Ockham’s Fourteenth-Century Rule of Parsimony, the Bayesian and Predictive Case for It, and Why the Long-Term Equity Investor Counts the Assumptions in a Thesis

The Stockdale Paradox: Collins’s 2001 Name for Faith in the End and Honesty About the Present, and Why the Long-Term Equity Investor Needs Both Without a Date Attached