current liabilities


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Current liabilities

Amount owed for salaries, interest, accounts payable and other debts due within 1 year.

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.

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.

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.
References in periodicals archive ?
This ratio recognizes that successful firms do not liquidate their current assets to pay their current liabilities, but instead use operating cash flow for that purpose.
Operating cash and average current liabilities are from Table 1.
Replace current ratio with: Current period ratio = current assets (including CPFA) / current liabilities (including CPLTD).
The "short-term cycle" only includes current assets and current liabilities that financed them and are repaid by them.
The current assets will then be $500,000 and the current liabilities will be $250,000 resulting in a current ratio of 2:1.
Thus, we have replaced current liabilities with current assets as the amount of self-liquidating debt.
The concept brings out the ability of the firm to readily repay not only the current liabilities, but even part of term liabilities, to the extent that it can reduce its current asset carriage.
78 is the controlling accounting literature and, accordingly, has restated its balance sheet to reclassify certain entrance fee refund liabilities from long-term liabilities to current liabilities.
2) The Company reclassified certain tenant deposits (consisting of security deposits, wait list and other deposits) from long-term liabilities to current liabilities on its balance sheet.

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