Long-term liabilities refer to the debts which will be redeemed after a year or an operating cycle longer than a year, including long-term loans payable, bonds payable, and long-term accounts payable, etc.

• 长期负债是指偿还期在一年以后或者超过一年的一个营业周期以上偿还的债务,包括长期借款、应付债券、长期应付款项等。