What are the two main types of debt mentioned in the text?

Current and Non-Current Secured and Unsecured Fixed and Variable Short-term and Long-term

Where can you typically find details about the specific nature of a company's borrowings (secured vs. unsecured)?

Only on the balance sheet Only in the associated notes Both on the balance sheet and in the associated notes In the company's press releases

What is the recommended approach for projecting a company's future debt?

Always assume debt will remain constant Use complex statistical models Understand management's CAPEX plans and guidelines Base projections solely on historical trends

How is the average loan outstanding calculated?

By averaging the opening balance of secured and unsecured loans By averaging the closing balance of secured and unsecured loans By averaging the opening and closing balances of both secured and unsecured loans By adding the opening and closing balances of both secured and unsecured loans

According to the text, what is a potential consequence of keeping debt levels constant in financial projections?

The valuation may become overly optimistic The valuation may become slightly conservative The interest expense will be significantly underestimated The company's profitability will be overstated