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.
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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 (%).
28 million, (ii) the current portion of long term debt will increase from approximately $2.
The previous debt included $11 million as the current portion of long term debt.
Short term debt, accounts payable and other current liabilities $11,602 $14,550 Current portion of long term debt 3,915 3,489 Total current liabilities 15,517 18,039 Long term debt and capital lease obligations 6,288 4,799 Total liabilities 21,805 22,838
The rescheduling of principal repayments under the refinancing has increased long-term debt by approximately $43,000,000 and decreased the current portion of long term debt by a similar amount.
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