In 2008 when the markets took a major hit, these guarantees became major balance sheet liabilities to carriers as you can well imagine. (marketwatch.com)
Third, the Graham and Dodd formulation does not account for off balance sheet liabilities which may, or may not, be disclosed in footnotes, nor do Graham and Dodd take into account excessive expenses or losses; at TAVF such expenses or losses are capitalized and added to liabilities. (mjwhitman.pressbooks.com)
Overblown concerns about balance sheet liabilities, macroeconomic headwinds, and technological disruption have the market projecting the company's cash flows will be permanently cut in half, a scenario which seems unlikely. (newconstructs.com)