current liabilities

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Current liabilities

Amount owed for salaries, interest, accounts payable and other debts due within 1 year.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Current Liabilities

On a balance sheet, any liability expected to be paid off in one year or less. Common examples of current liabilities are short-term bills and accounts payable.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

current liabilities

all obligations to pay out cash at some date in the near future, including amounts which a firm owes to trade CREDITORS and BANK LOANS/OVERDRAFTS. See WORKING CAPITAL, WORKING CAPITAL RATIO.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

current liabilities

all obligations to pay out cash at some date in the near future, including amounts that a firm owes to trade CREDITORS and BANK LOANS/OVERDRAFTS. See WORKING CAPITAL.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The MARKFED has high level of members, turnover, current assets and current liabilities than HAFED whereas the HAFED has high level of fixed assets, investments, own funds and long-term loans than MARKFED.
A current ratio of approximately 1.0, which would indicate that the company is barely able to cover current liabilities, does not necessarily indicate a weak liquidity position if the company manages its working capital with such precision that the inflows of cash can be matched with the required outflows of cash.
Based on them it can be defined how much company is in charge and if there is possibility for new debt and shows whether the company is able to manage its current liabilities (Brealey et al., 2007, p.
Current liabilities are short-term debts due to be settled within the next year and further details are usuallyg given in the notes.
However, the current assets (the A/R balance) should be 6 and the current liabilities should be 4.
Based on definitions applied by state and local governments, in the early 1990s total assets of PERS covered more than 80 percent of total liabilities, which are calculated to include current liabilities plus liabilities based on assumed future salary and service increases up to retirement.(10) Governments expect to exist indefinitely and therefore include the stream of future benefits in this calculation.
As of June 30, the company had current assets of $9.1 million and current liabilities of $3.2 million, including $0.8 million of short-term debt.
Assuming that the change in your long-term debt is only a reduction due to principal payments, the current liabilities must be sufficient for the balance sheet to balance.
This divestiture is being done by way of slump sale and includes all related fixed assets, current assets, current liabilities, and its employees.
NET 41,678 OTHER ASSETS Security deposits 2,350 TOTAL ASSETS $1,473,091 LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts payable $41,569 Accrued wages 31,481 Accrued vacation 27,337 Deferred consortium and membership dues 351.920 Total Current Liabilities $452,307 LONG-TERM LIABILITIES Postretirement health benefits obligations $150,187 NET ASSETS Unrestricted net assets 852,776 Temporarily restricted net assets Life members net assets 17.821 Total Net Assets $1,112,831 TOTAL LIABILITIES AND NET ASSETS $1,473,091 TOTAL REVENUE $1,693,128 TOTAL EXPENSES $1.935.362 REVENUE OVER EXPENSE AND SUPPORT $(242,234)

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