In the rule 2:
2-A. Current assets should be at least twice current liabilities.
2-B. Long-term debt should not exceed the net current assets.
Sometime, I see Graham used word : "liabilities", sometime he used "debt".
So for calculate Rule 2, in the financial statement, should we consider both words stand for the same thing?
As I know, for specifically, debt is referred to as borrowed money from banks,...
And liabilities is any economic obligation.
Which label in balance sheet did you get for Long-term debt and which label you get for "current liabilities"?
Thanks you a lot for your help,