I would expect deferred payment for goods already received to show up on the balance sheet as accounts payable, and would put that in the "short term liabilitie

I would expect deferred payment for goods already received to show up on the balance sheet as accounts payable, and would put that in the "short term liabilities" bucket along with short term debt for modeling purpose. I'm skeptical this technique would have any influence on debt ratings or pricing. Am I missing something?