noncurrent liability

(redirected from Noncurrent Liabilities)

Noncurrent liability

A liability due in one year.

Noncurrent Liability

Any liability with a term of greater than a year. In both investing and personal finance, an example of a noncurrent liability often is a loan with a payback period of longer than one year. Examples include a 30-year mortgage or a 10-year Treasury note. See also: Long-term financing.

noncurrent liability

A liability not due to be paid within one year during the normal course of business. A long-term debt issue is a noncurrent liability.
References in periodicals archive ?
As per the terms of the transaction, Bamboo would sole fund the operations of the Zambian subsidiary from May this year, until completion, as well as assume responsibility for all Luiri s existing current and noncurrent liabilities, as well as its obligation to fund the Shakumbila Trust to the tune of $150 000.
A GASB preliminary views document, Implementation of GASB Statement Number 11, recommends keeping the effects of noncurrent assets (such as noncurrent intergovernmental revenues and certain prepaid items) and noncurrent liabilities (such as compensated absences and leases) out of the fund balance account.
4,854,630 Noncurrent Liabilities Deferred compensation 450,000
AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) QUARTER ENDED April 1, April 2, 2006 2005 Net Sales $56,732 $54,990 Income from Operations 4,064 4,154 Net Income (Loss) (2,084) (1,527) EBITDA 6,138 5,970 CONSOLIDATED BALANCE SHEETS (in thousands) ASSETS April 1, April 2, 2006 2005 Current Assets $79,617 $76,959 Property, Plant and Equipment, Net 28,618 30,100 Other Assets 121,035 121,204 Total Assets $229,270 $228,263 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities $229,732 $51,794 Long Term Debt, Less Current Maturities - 175,038 Other Noncurrent Liabilities 6,070 4,148 Shareholders' Equity (6,532) (2,717) Total Liabilities and Shareholders' Equity $229,270 $228,263
AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) TWELVE MONTHS ENDED December 31, December 31, 2005 2004 Net Sales $218,548 $198,394 Income from Operations 19,047 17,953 Net Income (Loss) (2,190) (22,214) EBITDA 26,039 25,530 CONSOLIDATED BALANCE SHEETS (in thousands) ASSETS December 31, December 31, 2005 2004 Current Assets $ 71,915 $ 75,978 Property, Plant and Equipment, Net 29,385 30,800 Other Assets 121,151 121,462 Total Assets $222,451 $228,240 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities $221,326 $53,181 Long Term Debt, Less Current Maturities - 171,300 Other Noncurrent Liabilities 6,067 3,979 Shareholders' Equity (4,942) (220) Total Liabilities and Shareholders' Equity $222,451 $228,240
CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) QUARTER ENDED SIX MONTHS ENDED July 2, July 3, July 2, July 3, 2005 2004 2005 2004 Net Sales $56,119 $52,668 $111,109 $105,323 Income from Operations 4,589 5,630 8,743 9,880 Net Income (Loss) (1,474) 290 (3,001) (9,696) EBITDA 6,062 7,478 12,032 13,707 CONSOLIDATED BALANCE SHEETS (in thousands) ASSETS July 2, July 3, 2005 2004 Current Assets $72,561 $73,936 Property, Plant and Equipment, Net 30,112 29,723 Other Assets 120,943 129,756 Total Assets $223,616 $233,415 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities $46,825 $49,563 Long Term Debt, Less Current Maturities 178,266 170,134 Other Noncurrent Liabilities 3,999 3,868 Shareholders' Equity (5,474) 9,850 Total Liabilities and Shareholders' Equity $223,616 $233,415
AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) QUARTER ENDED April 2, April 3, 2005 2004 Net Sales $ 54,990 $ 52,655 Income from Operations 4,154 4,250 Net Income (Loss) (1,527) (9,986) EBITDA 5,970 6,229 CONSOLIDATED BALANCE SHEETS (in thousands) ASSETS April 2, April 3, 2005 2004 Current Assets $ 76,959 $ 76,239 Property, Plant and Equipment, Net 30,100 30,229 Other Assets 121,204 129,984 Total Assets $228,263 $236,452 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities $ 51,794 $ 47,923 Long Term Debt, Less Current Maturities 175,038 174,497 Other Noncurrent Liabilities 4,148 4,365 Shareholders' Equity (2,717) 9,667 Total Liabilities and Shareholders' Equity $228,263 $236,452
31, 2003 2002 Current Assets $71,650 $56,487 Property, Plant and Equipment, Net 35,089 38,501 Other Assets 130,284 131,885 Total Assets $237,023 $226,873 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities $48,354 $48,610 Long Term Debt, Less Current Maturities 167,022 158,391 Other Noncurrent Liabilities 4,436 4,023 Shareholders' Equity 17,211 15,849 Total Liabilities and Shareholders' Equity $237,023 $226,873
AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) QUARTER ENDED SIX MONTHS ENDED June 30, June 30, June 30, June 30, 2003 2002 2003 2002 Net Sales $50,162 $51,123 $101,277 $93,665 Operating Income 4,523 4,350 7,653 7,545 Net Loss (715) (1,754) (1,497) (41,881) EBITDA 6,569 5,714 13,266 10,938 CONSOLIDATED BALANCE SHEETS (in thousands) ASSETS June 30, June 30, 2003 2002 Current Assets $63,621 $61,453 Property, Plant and Equipment, Net 36,529 39,528 Other Assets 131,622 132,510 Total Assets $231,772 $233,491 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities $51,149 $50,106 Long Term Debt, Less Current Maturities 160,912 161,330 Other Noncurrent Liabilities 3,744 3,458 Shareholders' Equity 15,967 18,597 Total Liabilities and Shareholders' Equity $231,772 $233,491