What is a recommended strategy for improving the ability to meet short-term debt obligations?

Considering staggered payments with creditors is a strategic approach to managing short-term debt obligations effectively. This method allows an organization to negotiate payment schedules that spread out payment dates, making it easier to manage cash flow. By structuring payments over time, a business can align its debt obligations with its revenue inflow, reducing the strain on immediate cash resources.

This strategy can also foster better relationships with creditors, as it shows the organization's commitment to meeting its liabilities while also ensuring that it maintains operational capability. Staggered payments can help relieve financial pressure, allowing the business to allocate resources towards other immediate operational needs. By managing debts in a structured manner, a company can strengthen its overall financial health and stability.

Other options, such as raising more debt or selling off all non-current assets, may lead to increased financial strain or a loss of long-term resources and should be approached with caution. Ignoring overdue payments would only worsen the financial position, potentially leading to penalties, increased interest, or damaged creditor relationships. Hence, considering staggered payments with creditors is the most prudent strategy to improve the handling of short-term debt obligations.