{"id":570,"date":"2022-10-04T10:36:45","date_gmt":"2022-10-04T10:36:45","guid":{"rendered":"https:\/\/webfastsg.com\/offshore\/?post_type=encyclopedia&#038;p=570"},"modified":"2022-10-04T10:36:45","modified_gmt":"2022-10-04T10:36:45","slug":"zombie-company","status":"publish","type":"encyclopedia","link":"https:\/\/webfastsg.com\/offshore\/encyclopedia\/zombie-company\/","title":{"rendered":"Zombie Company"},"content":{"rendered":"<p><span data-sheets-value='{\"1\":2,\"2\":\"A Zombie Company is defined as a company that is no longer able to service its debt obligations, yet continues to operate. This can happen for a variety of reasons, such as poor management, an industry downturn, or simply bad luck. Zombie Companies often have negative equity, meaning that their liabilities exceed their assets.\\n\\nIn many cases, Zombie Companies are kept afloat by their creditors, who are reluctant to push them into bankruptcy because they fear they will not recover the full amount owed.\"}' data-sheets-userformat='{\"2\":769,\"3\":{\"1\":0},\"11\":4,\"12\":0}'>A Zombie Company is defined as a company that is no longer able to service its debt obligations, yet continues to operate. This can happen for a variety of reasons, such as poor management, an industry downturn, or simply bad luck. Zombie Companies often have negative <a href=\"https:\/\/webfastsg.com\/offshore\/encyclopedia\/equity\/\" target=\"_self\" title=\"In finance, equity is ownership of a company or investment. It can be represented by stocks, bonds, or assets. When someone owns equity, they have a claim on the company's assets and earnings. Equity can be used to finance a company or investment, providing a source of capital. Equity can also be used to measure&hellip;\" class=\"encyclopedia\">equity<\/a>, meaning that their liabilities exceed their <a href=\"https:\/\/webfastsg.com\/offshore\/encyclopedia\/assets\/\" target=\"_self\" title=\"An asset is anything that can be used to produce economic value and generate benefits. It may be tangible, like a factory or piece of land, or intangible, like a patent or copyright. In accounting, assets are divided into two broad categories: current assets and non-current assets. Current assets are those that are expected to&hellip;\" class=\"encyclopedia\">assets<\/a>.<\/span><\/p>\n<p>In many cases, Zombie Companies are kept afloat by their creditors, who are reluctant to push them into bankruptcy because they fear they will not recover the full amount owed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Zombie Company is defined as a company that is no longer able to service its debt obligations, yet continues to operate. This can happen for a variety of reasons, such as poor management, an industry downturn, or simply bad luck. Zombie Companies often have negative equity, meaning that their liabilities exceed their assets. In &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/webfastsg.com\/offshore\/encyclopedia\/zombie-company\/\"> <span class=\"screen-reader-text\">Zombie Company<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":3,"template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"encyclopedia-tag":[],"class_list":["post-570","encyclopedia","type-encyclopedia","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/encyclopedia\/570"}],"collection":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/media?parent=570"}],"wp:term":[{"taxonomy":"encyclopedia-tag","embeddable":true,"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/encyclopedia-tag?post=570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}