Current Portion of Long-Term Debt

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Current Portion of Long-Term Debt

On a balance sheet, the part of a company's long-term debt that must be paid within a year. The current portion of long-term debt is a liability and is recorded on the balance sheet separately from current liabilities and long-term liabilities. Investors may add the current portion of long-term debt to the current liabilities and compare them to current cash flow to determine if the company is at risk of default. A high amount of current portion of long-term debt compared to poor cash flow is considered a sign of poor financial health.
References in periodicals archive ?
1,453,725 976,314 Current portion of long term debt.
31, 2001 2000 Cash & Equivalents $ 15,107 $ 12,081 Restricted Cash 6 179 Net Patient Receivables 72,381 74,498 Other Receivables 854 967 Total Receivables 73,235 75,465 Other Current Assets 15,574 17,011 Total Current Assets 103,922 104,736 Property and Equipment, Net 51,230 52,998 Goodwill 196,072 197,491 Other Assets 23,339 23,289 Total Assets $374,563 $378,514 Accounts Payable $ 15,691 $ 16,449 Current Portion of Long Term Debt 297,775 297,787 Other Current Liabilities 34,196 30,937 Total Current Liabilities 347,662 345,173 Long Term Debt, less current portion 1,294 1,365 Other Liabilities 5,763 5,737 Total Liabilities 354,719 352,275 Total Stockholders' Equity 19,844 26,239 Total Liabilities and Equity $374,563 $378,514
31, 2000 1999 Cash & Equivalents $ 12,081 $ 28,123 Restricted Cash 179 -- Net Patient Receivables 74,498 75,167 Other Receivables 967 789 Total Receivables 75,465 75,956 Other Current Assets 17,011 17,481 Total Current Assets 104,736 121,560 Property and Equipment, Net 52,998 61,093 Goodwill 197,491 202,622 Other Assets 23,289 38,725 Total Assets $378,514 $424,000 Accounts Payable $ 16,449 $ 23,327 Current Portion of Long Term Debt 297,787 16,644 Other Current Liabilities 30,937 21,059 Total Current Liabilities 345,173 61,030 Long Term Debt, less current portion 1,365 298,778 Other Liabilities 5,737 7,204 Total Liabilities 352,275 367,012 Total Stockholders' Equity 26,239 56,988 Total Liabilities and Equity $378,514 $424,000
The largest gaps foreseen for SALOMON INC include: other investments, short term debt & current portion of long term debt, interest expense on debt, total debt % total capital (%).
31, 1999 1998 Cash & Equivalents $ 28,123 $ 4,327 Net Patient Receivables 75,167 94,162 Other Receivables 789 5,412 Total Receivables 75,956 99,574 Other Current Assets 17,481 44,175 Total Current Assets 121,560 148,076 Property and Equipment, Net 61,092 77,778 Goodwill 202,622 249,173 Other Assets 38,726 56,865 Total Assets $424,000 $531,892 Accounts Payable $ 23,327 $ 10,629 Current Portion of Long Term Debt 11,644 7,024 Other Current Liabilities 21,059 31,308 Total Current Liabilities 56,030 48,961 Long Term Debt, less current portion 303,779 316,918 Other Liabilities 7,203 9,514 Total Liabilities 367,012 375,393 Total Stockholders' Equity 56,988 156,499 Total Liabilities and Equity $424,000 $531,892
31, 1997 1996 Assets Current Assets: Cash and cash equivalents $723 $2,470 Receivables 191 6,864 Inventories 2,226 4,829 Prepaids and other current assets 437 565 Total current assets 3,577 14,728 Fixed assets, net 3,263 3,446 Other assets 1,266 6 Total assets $8,106 $18,180 Liabilities and Shareholders's Equity Current liabilities: Accounts payable $5,879 $7,216 Accrued expenses 1,430 1,053 Note payable 50 2,160 Current portion of long term debt 151 225 Total current liabilities $7,510 $10,654 Long-term debt and other long-term liabilities 114 39 Total liabilities 7,624 10,693 Redeemable preferred stock 4,867 -- Shareholders' equity (4,385) 7,487 Total liabilities and shareholders' equity $8,106 $18,180
revenues QTR $ 2,299,255 68% YTD $ 4,199,870 67% Employee population (approximately) 55,900 Note (3): During the second quarter of fiscal 1997, a $250 million five year bond, due November 1997, was reclassified from long-term debt to current portion of long term debt.
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