current maturity

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Current maturity

Current time to maturity on an outstanding debt instrument.

Current Maturity

The time between today's date and the maturity date for a particular bond. For example, if a company issued a 20 years bond five years ago, its current maturity is 15 years. The current maturity is important for a bond's valuation. See also: Yield to maturity, Duration.

current maturity

The length of time before a security matures. For example, a bond issued 15 years ago that had an original maturity of 20 years, has a current maturity of 5 years. The current maturity, rather than the original maturity, is important in valuing a bond.
References in periodicals archive ?
Two measures used by bankers to determine an entity's ability to repay its debt are the ratio of retained operating cash flow to total debt and the ratio of retained operating cash flow to current maturities of debt.
Current maturities are relatively modest during the next two years due to concentrated efforts during the past several quarters to reduce and extend debt maturities.
5 billion of short-term debt and current maturities.
2 billion in credit facilities, offset by $80 million of short-term debt and current maturities.
1 billion credit facility availability, offset by $582 million in short-term debt and current maturities.
As of September 30, 2006, GR's liquidity consisted of $140 million in cash and $387 million in availability under its up to $500 million revolving credit facility, offset by $34 million in current maturities and short-term debt that are not drawings under the revolver, for a net liquidity position of approximately $493 million.
Total debt is defined as the sum of current maturities of long-term debt, capital leases and long-term financing obligations, long-term debt (less current maturities) and capital leases and long-term financing obligations (less current maturities).
Total debt is defined as the sum of current maturities of long-term indebtedness, capital lease and long-term financing obligations, long-term debt (less current maturities) and capital lease and long-term financing obligations (less current maturities).
Total Capitalization (including current maturities of long-term debt)
8 billion of current maturities and other short-term debt and by $175 million of letters of credit issued under the bank facilities.
1 billion credit facility availability, offset by $456 million in short-term debt and current maturities.