Financial Statements
Current Liabilities
Definition
What is Current Liabilities?
Obligations expected to be settled within the normal operating cycle or about one year.
Example in practice
How This Looks in Practice
Accounts payableAmounts owed to suppliers for goods or services received. and short-term debtBorrowings due within one year. are current liabilities.
Keep learning
Related Terms
Financial Statements
Revenue
Income generated from selling goods or services before expenses are deducted.
Financial StatementsSales Growth
The percentage increase or decrease in revenue over a period.
Financial StatementsCost of Goods Sold
Direct costs attributable to goods or services sold during a period.
Financial RatiosGross Margin
Gross profit expressed as a percentage of revenue.