ABSTRACT
Previously debt can be talked of when individual, group of solicits suffer efficiency. At the down of the modern economic life, it has been observed that one can be debtors and get stands to meet his current liabilities provided it as well as manager.
This research work delves into the business managing of debt, analyzing its management in business organization, the fruit of its efficient management in an organization.
A close look at the Nigeria Bottling Company Plc Enugu, the research has employed both primary and secondary source of data. Primary sources involves oral interview the use of personal observation from the source document, secondary are the data sources from published textbooks.
A good financial manager can sources fund by debt invest and make a profit before the maturity of the debt. To do this, some speculative factor can be considered and handled so that balance or breakdown of the risk and return can been sought for and a fairly equilibrium is met.
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
In contemporary business setting, debt is seemingly unavoidable. Sometimes it emanates from short fund suitable with the existing trade terms. Debt does not occur only when money is borrowed. It equally occur when there is exchange of goods or service with a derived payment. Each time goods or services are exchanged with a different of its financial obligation there is incidence of debt.
C. A. Ezigbo (2001) defines debt management as the ability of financial manager or management to make good use of the money borrowed by the company in order to achieve the set objective. It can also be defined as the process where the debt obligation is being managed in all ramifications whether from the domestic or external sources.
A good business may not always write to finance the beginning of his business from his personnel savings.
At the commencement of a conscience organization the owners try to maintain a favoaruble capital structure it is normal for the business owners to finance to finance business. The choice of the capital structure and the finding technique is left at the merely of the financial managers.
Business organization usually structure achieve a number of objectives. These corporate objective provides a set of criteria upon which financial decisions can be based. In general terms of business organization seek to achieve by obtaining funds from various sources and investing some reasonably. It is important to recognize that the various steps of fund raised has its own cost and certain risks. For example debentures, preferences and ordinary shares. Loans. Raised on the security organizations assets tends to have fairly low rates of interest although they imply certain risks. Failure to meet the terms of th loan on due date would the tender to confiscate the said assets with potentially catastrophe consequence for the borrower.
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