Long-term liabilities are a component of the "capital structure" of a company.

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Long-term liabilities are debts or financial obligations that require payment over a period of more than one year, and they are considered a part of the company's capital structure. The capital structure includes all of the sources of capital that a company uses to finance its operations and growth, such as equity, short-term and long-term debt, and other forms of financing.

Long-Term Liabilities Are a Component of the "Capital Structure" of a Company