What the item represents
Fixed liabilities is a category within the liabilities section of the balance sheet, bringing together obligations — such as long-term borrowings and corporate bonds — for which the repayment or payment due date falls more than one year beyond the fiscal year-end.
Points to watch when reading it
Looking at the overall level of liabilities, combining current and fixed liabilities, together with the ratio of liabilities to net assets, provides a more well-rounded way to assess a company's financial stability.