The following questions pertain to Canadian Tire's long-term debt: a. How much long-term debt was outstanding on

Question:

The following questions pertain to Canadian Tire's long-term debt:
a. How much long-term debt was outstanding on December 31, 2011? How much of that long-term debt was classified as current? What does it mean when long-term debt is classified as a current liability? What is the purpose of classifying long-term debt as current?
b. How much did Canadian Tire have outstanding from its Series 2008-1 senior notes on December 31, 2011? When does this debt mature? What is the interest rate on the debt? Why is it important and useful for to know the and interest rate associated with a loan obligation?
c. What was Canadian Tire's interest expense in fiscal 2010 and 2011? How much interest did Canadian Tire pay in those years? Why are the interest expense and the amount of interest paid different?
d. How much is scheduled to be repaid to lenders in each of the next five years? In examining the scheduled repayments, do you have any concerns? Explain.
e. In Note 26, Canadian Tire states, "The Company has provided covenants to certain of its lenders. The Company was in compliance with all of its covenants in 2011 and 2010." Why is this statement provided and do you find it useful?

Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...