👉 Solvencies are terms used in accounting and economics to describe the financial position of a company. They refer to the amount of money that is owed or available for payment by a company, based on its income and expenses. In general, solvencies can be broken down into two categories: current liabilities and long-term obligations. Current liabilities are those that have been paid off in full (or at least within the time frame specified), while long-term obligations include debts that are expected to continue for an
