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.
Noncurrent financial liabilities (excluding trade and other payables and provisions) included in noncurrent liabilities
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.
As a result of the amendment, the noncurrent portion of total long-term debt outstanding at March 31, 2009 has been reclassified to noncurrent liabilities.
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