Current Liabilities
The value of liabilities at the Balance sheet date that the company is required to settle (pay) either on demand, or within the next 12 months. |
Similar financial terms
Current AssetsThe value of assets held at the Balance Sheet date that are represented by cash, or can be expected to be converted into cash within the next 12 months.
Current intrest rate
The rate being earned on a bond based on its current market value; that value varies with the degree of premium or discount value of the bond.
Current portion of long-term dept
Those liabilities that are payable within the next 12 months, including accounts and taxes payable, and the current portion (12 months' payments) of notes payable and current liabilities.
Current ratio
A ratio that tests the strength of a company's working capital. Current assets are divided by current liabilities and the result is expressed as a factor, x to y.
Other current assets
Value of non-cash assets, including prepaid expenses and accounts receivable, due within 1 year.
Current account
Net flow of goods, services, and unilateral transactions (gifts) between countries.
Current coupon
A bond selling at or close to par, that is, a bond with a coupon close to the yields currently offered on new bonds of a similar maturity and credit risk.
Current issue
In Treasury securities, the most recently auctioned issue. Trading is more active in current issues than in off-the-run issues.
Current maturity
Current time to maturity on an outstanding debt instrument.
Current / noncurrent method
Under this currency translation method, all of a foreign subsidiary's current assets and liabilities are translated into home currency at the current exchange rate while noncurrent assets and liabilities are translated at the historical exchange rate, that is, the rate in effect at the time the asset was acquired or the liability incurred.
Current rate method
Under this currency translation method, all foreign currency balance-sheet and income statement items are translated at the current exchange rate.
Current yield
For bonds or notes, the coupon rate divided by the market price of the bond.
Contigent liabilities
Potential liabilities known about at the time a financial statement is prepared, which might or might not become actual liabilities in the future.
Other long term liabilities
Value of leases, future employee benefits, deferred taxes and other obligations not requiring interest payments that must be paid over a period of more than 1 year.
Long-term liabilities
Amount owed for leases, bond repayment and other items due after 1 year.
