--- title: "Meaning & Key Takeaway of: Long term debt and bank debt (including…" description: "\"Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if req..." image: "https://sms4smile.com/quotes/i/a7d/peter-cundill-18943_balance_long-term-debt-and-bank-debt-including-o_2084350.jpg" --- # Long term debt and bank debt (including off-balance sheet… ![“Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if required.” quote by Peter Cundill](https://sms4smile.com/quotes/i/a7d/peter-cundill-18943_balance_long-term-debt-and-bank-debt-including-o_2084350.jpg) [Download](https://sms4smile.com/quotes/i/a7d/peter-cundill-18943_balance_long-term-debt-and-bank-debt-including-o_2084350.jpg) [Open image](https://sms4smile.com/quotes/i/a7d/peter-cundill-18943_balance_long-term-debt-and-bank-debt-including-o_2084350.jpg) > “Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if required.” [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Effective debt use requires careful balance and flexibility, ensuring capacity for future expansion when needed. **In simple terms:** Use debt wisely and keep options open. Key Takeaway Manage debt with foresight. Themes finance risk management strategic planning Mood cautious analytical Type financial strategic When to use this quote - business expansion - investment financing - corporate restructuring Key Concepts leverage capital structure financial flexibility Questions to Reflect On - How do you assess optimal debt levels? - What safeguards protect against excessive leverage? A Different Perspective Overleveraging can increase vulnerability to market shifts. ★ ★ ★ ★ ★ No ratings yet [Balance](https://sms4smile.com/quotes/about/balance/) [Balance sheets](https://sms4smile.com/quotes/about/balance-sheets/) [Financing](https://sms4smile.com/quotes/about/financing/) [Long term](https://sms4smile.com/quotes/about/long-term/) ## Related quotes > [The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank…](https://sms4smile.com/quotes/robert-kiyosaki/the-minute-a-wall-street-firm-purchases-your-debt-your-bank-no-longer/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [If President Obama is re-elected, he will continue to spend more money than we take in and to expand a debt that's already on…](https://sms4smile.com/quotes/kim-reynolds/if-president-obama-is-re-elected-he-will-continue-to-spend-more-money/) [Kim Reynolds](https://sms4smile.com/quotes/author/kim-reynolds/) > [Our government has been in a surplus position up until this year. We should be able to recover to a surplus position shortly, as…](https://sms4smile.com/quotes/stephen-harper/our-government-has-been-in-a-surplus-position-up-until-this-year-we/) [Stephen Harper](https://sms4smile.com/quotes/author/stephen-harper/) > [We always look at the margin of safety in the balance sheet and then worry about the business.](https://sms4smile.com/quotes/peter-cundill/we-always-look-at-the-margin-of-safety-in-the-balance-sheet-and-then/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [Some day, on the corporate balance sheet, there will be an entry which reads, "Information"; for in most cases, the information is more valuable…](https://sms4smile.com/quotes/grace-hopper/some-day-on-the-corporate-balance-sheet-there-will-be-an-entry-which/) [Grace Hopper](https://sms4smile.com/quotes/author/grace-hopper/) > [I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief…](https://sms4smile.com/quotes/george-soros/i-passionately-disagreed-with-treasury-secretary-hank-paulson-s-plan/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Throughout the industrial era, economists considered manufactured capital - money, factories, etc. - the principal factor in industrial production, and perceived natural capital as…](https://sms4smile.com/quotes/paul-hawken/throughout-the-industrial-era-economists-considered-manufactured/) [Paul Hawken](https://sms4smile.com/quotes/author/paul-hawken/) > [Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.](https://sms4smile.com/quotes/diane-garnick/accounting-does-not-make-corporate-earnings-or-balance-sheets-more/) Diane Garnick > [I've already written a section in the annual report for next year explaining why I think in one case that the figures on our…](https://sms4smile.com/quotes/warren-buffett/i-ve-already-written-a-section-in-the-annual-report-for-next-year/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.](https://sms4smile.com/quotes/james-rickards/derivatives-serve-practically-no-purpose-except-to-enrich-bankers/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [I believe Indian banks have a strong funding profile with largely deposit-funded balance sheets, a large physical presence to cater to the needs of…](https://sms4smile.com/quotes/chanda-kochhar/i-believe-indian-banks-have-a-strong-funding-profile-with-largely/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [A work of art expresses itself as a balance sheet pitting the spoken against the unspoken.](https://sms4smile.com/quotes/russell-sherman/a-work-of-art-expresses-itself-as-a-balance-sheet-pitting-the-spoken/) [Russell Sherman](https://sms4smile.com/quotes/author/russell-sherman/) > [I say that in jest a little bit, but Donald Trump is a blue collar guy with a balance sheet. That's the way he…](https://sms4smile.com/quotes/donald-trump-jr/i-say-that-in-jest-a-little-bit-but-donald-trump-is-a-blue-collar-guy/) [Donald Trump, Jr](https://sms4smile.com/quotes/author/donald-trump-jr/) > [When the planes still swoop down and aerial spray a field in order to kill a predator insect with pesticides, we are in the…](https://sms4smile.com/quotes/paul-hawken/when-the-planes-still-swoop-down-and-aerial-spray-a-field-in-order-to/) [Paul Hawken](https://sms4smile.com/quotes/author/paul-hawken/) > [What one thing does the world need most today-apart, that is, from the all-inclusive thing we call righteousness? Aren't you inclined to agree that…](https://sms4smile.com/quotes/b-c-forbes/what-one-thing-does-the-world-need-most-today-apart-that-is-from-the/) [B. C. Forbes](https://sms4smile.com/quotes/author/b-c-forbes/) ## More by Peter Cundill > [The company must be profitable. Preferably it will have increased its earnings for the past five years and there will have been no deficits…](https://sms4smile.com/quotes/peter-cundill/the-company-must-be-profitable-preferably-it-will-have-increased-its/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [The difference between the price we pay for a stock and its liquidation value gives us a margin of safety. This kind of investing…](https://sms4smile.com/quotes/peter-cundill/the-difference-between-the-price-we-pay-for-a-stock-and-its/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [The price must be less than one half of the former high and preferably at or near its all time low.](https://sms4smile.com/quotes/peter-cundill/the-price-must-be-less-than-one-half-of-the-former-high-and/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [Try to pick a fund manager who has a well-defined strategy, has been through these things before, and go invest and stay with him.](https://sms4smile.com/quotes/peter-cundill/try-to-pick-a-fund-manager-who-has-a-well-defined-strategy-has-been/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [Why will someone sell you a dollar for 50 cents? Because in the short run, people are irrational on both the optimistic and pessimistic side.](https://sms4smile.com/quotes/peter-cundill/why-will-someone-sell-you-a-dollar-for-50-cents-because-in-the-short/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [The most important attribute for success in value investing is patience, patience, and more patience. The majority of investors do not possess this characteristic.](https://sms4smile.com/quotes/peter-cundill/the-most-important-attribute-for-success-in-value-investing-is/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [You find bargains among the unpopular things, the things that everybody hates. The key is that you must have patience.](https://sms4smile.com/quotes/peter-cundill/you-find-bargains-among-the-unpopular-things-the-things-that/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When…](https://sms4smile.com/quotes/peter-cundill/when-a-stock-doubles-sell-half-then-what-you-have-is-a-free-position/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [Just as many smart people fail in the investment business as stupid ones. Intellectually active people are particularly attracted to elegant concepts, which can…](https://sms4smile.com/quotes/peter-cundill/just-as-many-smart-people-fail-in-the-investment-business-as-stupid/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [I suspect that my thinking is an eclectic mix, not pure net-net because I couldn’t do it anyway so you have to have a…](https://sms4smile.com/quotes/peter-cundill/i-suspect-that-my-thinking-is-an-eclectic-mix-not-pure-net-net/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [The share price must be less than book value. Preferably it will be less than net working capital less long term debt.](https://sms4smile.com/quotes/peter-cundill/the-share-price-must-be-less-than-book-value-preferably-it-will-be/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [The company must be paying dividends. Preferably the dividend will have been increasing and have been paid for some time.](https://sms4smile.com/quotes/peter-cundill/the-company-must-be-paying-dividends-preferably-the-dividend-will/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [Curiosity is the engine of civilisation](https://sms4smile.com/quotes/peter-cundill/curiosity-is-the-engine-of-civilisation/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [The price earning multiple must be less than ten or the inverse of the long term corporate bond rate, whichever is the less.](https://sms4smile.com/quotes/peter-cundill/the-price-earning-multiple-must-be-less-than-ten-or-the-inverse-of/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [I think that intelligent forecasting (company revenues, earnings, etc.) should not seek to predict what will in fact happen in the future. Its purpose…](https://sms4smile.com/quotes/peter-cundill/i-think-that-intelligent-forecasting-company-revenues-earnings-etc/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) [Explore all 33 Peter Cundill quotes ](https://sms4smile.com/quotes/author/peter-cundill/) ## More Balance quotes > [Balance suggests a perfect equilibrium. There is no such thing. That is a false expectation… There are going to be priorities and dimensions of…](https://sms4smile.com/quotes/denise-morrison/balance-suggests-a-perfect-equilibrium-there-is-no-such-thing-that-is/) [Denise Morrison](https://sms4smile.com/quotes/author/denise-morrison/) > [The bones of my architecture are very much related to the structure, to the physical fact of how a building can stand up; it's…](https://sms4smile.com/quotes/santiago-calatrava/the-bones-of-my-architecture-are-very-much-related-to-the-structure/) [Santiago Calatrava](https://sms4smile.com/quotes/author/santiago-calatrava/) > [I can still function when I don't have that balance I crave. I had a tendency to be precious about acting, thinking of it…](https://sms4smile.com/quotes/laura-regan/i-can-still-function-when-i-don-t-have-that-balance-i-crave-i-had-a/) [Laura Regan](https://sms4smile.com/quotes/author/laura-regan/) > [she got a reputation for an easy smile and a sharp tongue, and using one to balance the other, she seemed friendly but distant](https://sms4smile.com/quotes/dorothy-allison/she-got-a-reputation-for-an-easy-smile-and-a-sharp-tongue-and-using/) [Dorothy Allison](https://sms4smile.com/quotes/author/dorothy-allison/) > [Life's unfairness is not irrevocable; we can help balance the scales for others, if not always for ourselves.](https://sms4smile.com/quotes/hubert-h-humphrey/life-s-unfairness-is-not-irrevocable-we-can-help-balance-the-scales/) [Hubert H. Humphrey](https://sms4smile.com/quotes/author/hubert-h-humphrey/) > [“We don't need to strive towards balance, we rather need to work on the obstacles that are preventing the natural flow of balance.”](https://sms4smile.com/quotes/a-a-alebraheem/we-don-t-need-to-strive-towards-balance-we-rather-need-to-work-on-the/) [A.A. Alebraheem](https://sms4smile.com/quotes/author/a-a-alebraheem/) > [I think that kind of balance comes with the process of growing together as a band, the Little Dragon. We love to write, we…](https://sms4smile.com/quotes/yukimi-nagano/i-think-that-kind-of-balance-comes-with-the-process-of-growing/) [Yukimi Nagano](https://sms4smile.com/quotes/author/yukimi-nagano/) > [Balance is the ability to be happy in the midst of the most chaotic or even boring or transient circumstance.](https://sms4smile.com/quotes/frederick-lenz/balance-is-the-ability-to-be-happy-in-the-midst-of-the-most-chaotic/) [Frederick Lenz](https://sms4smile.com/quotes/author/frederick-lenz/) > [At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [It's my intention to make something stand outside the realm of album art, but it also feels comfortable to me to be in it.…](https://sms4smile.com/quotes/john-dyer-baizley/it-s-my-intention-to-make-something-stand-outside-the-realm-of-album/) [John Dyer Baizley](https://sms4smile.com/quotes/author/john-dyer-baizley/) > [Once you've gotten your money in balance, you know how much you have to spend on things that are just fun.](https://sms4smile.com/quotes/elizabeth-warren/once-you-ve-gotten-your-money-in-balance-you-know-how-much-you-have/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [I never understood how much running changes your life. I'm now obsessed. When not trying to beat my personal best, I'm talking to other…](https://sms4smile.com/quotes/sadiq-khan/i-never-understood-how-much-running-changes-your-life-i-m-now/) [Sadiq Khan](https://sms4smile.com/quotes/author/sadiq-khan/) > [Whatever needed to be done, I need to know how to do it just as well as my wife. You know, for us to…](https://sms4smile.com/quotes/jason-isbell/whatever-needed-to-be-done-i-need-to-know-how-to-do-it-just-as-well/) [Jason Isbell](https://sms4smile.com/quotes/author/jason-isbell/) > [I don't think my parents would have let me go straight into acting full time when I was 12. I do like to have…](https://sms4smile.com/quotes/felicity-jones/i-don-t-think-my-parents-would-have-let-me-go-straight-into-acting/) [Felicity Jones](https://sms4smile.com/quotes/author/felicity-jones/) > [When it comes down to music, I have no balance. I am 100 percent. It is like full throttle. Five hundred miles an hour.](https://sms4smile.com/quotes/yanni/when-it-comes-down-to-music-i-have-no-balance-i-am-100-percent-it-is/) [Yanni](https://sms4smile.com/quotes/author/yanni/) [Browse all 5,166 Balance quotes ](https://sms4smile.com/quotes/about/balance/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if required.", "creator": { "@type": "Person", "name": "Peter Cundill" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/peter-cundill/long-term-debt-and-bank-debt-including-off-balance-sheet-financing/", "about": { "@type": "Thing", "name": "Balance" }, "@id": "https://sms4smile.com/quotes/peter-cundill/long-term-debt-and-bank-debt-including-off-balance-sheet-financing/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a7d/peter-cundill-18943_balance_long-term-debt-and-bank-debt-including-o_2084350.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a7d/peter-cundill-18943_balance_long-term-debt-and-bank-debt-including-o_2084350.jpg", "url": "https://sms4smile.com/quotes/i/a7d/peter-cundill-18943_balance_long-term-debt-and-bank-debt-including-o_2084350.jpg", "width": 1080, "height": 1080, "caption": "“Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must…” — Peter Cundill", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Peter Cundill", "item": "https://sms4smile.com/quotes/author/peter-cundill/" }, { "@type": "ListItem", "position": 4, "name": "Long term debt and bank debt...", "item": "https://sms4smile.com/quotes/peter-cundill/long-term-debt-and-bank-debt-including-off-balance-sheet-financing/" } ], "@id": "https://sms4smile.com/quotes/peter-cundill/long-term-debt-and-bank-debt-including-off-balance-sheet-financing/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```