Definition: The current portion of long-term debt is the amount of noncurrent liabilities that will become due within one year or the current accounting period, whichever is longer. In other words, it’s the amount of long-term liabilities that must be repaid in the current year.What Does ...
A current portion of long-term debt is the amount of long-term debt obligations that have to be settled in the next twelve month...
Definition of Current Portion of Long-Term Debt The current portion of long-term debt is the amount of principal that will be due within one year of the date of the balance sheet. This amount is reported on the balance sheet as one of the company’s current liabilities. (A company in ...
Definition of Long-term Debt In accounting, long-term debt generally refers to a company’s loans and other liabilities that will not become due within one year of the balance sheet date. (The amount that will be due within one year is reported on the balance sheet as a current liability...
Current portion of Long-Term Debt Capital lease obligations Notes payable with maturity within a year Notes payable with maturity more than a year Long-Term Debt Bonds payable Not considered debt: Accounts payable Deferred revenues Accrued expenses ...
What is Long-Term Debt? What is a Cash Ratio? What are Current Liabilities? What is a Capital Liability? What is Capital Employed? What is the Accounting Equation? Discussion Comments WiseGeek, in your inbox Our latest articles, guides, and more, delivered daily. ...
If done wisely, yes. Debt consolidation can help you save money if you get competitive interest rates, a better term and a monthly payment you can handle. About Christopher Boston Christopher (Croix) Boston was the Head of Loans content at MoneyGeek, with over five years of experience researc...
Why do you think it is important to classify and disclose Short term vs Long term Liabilities? How to calculate the current portion of long term debt based on GAAP? Define the accounting cycle and list the stages of the cycle. Explain how a short-term notes payable can be in...
The current portion of long-term debt (CPLTD) refers to the section of a company'sbalance sheetthat records the total amount oflong-term debtthat must be paid within the current year. For example, if a company owes a total of $100,000, and $20,000 of it is due and must be paid ...
All debt instruments provide a company with cash that serves as a current asset. The debt is considered a liability on the balance sheet, of which the portion due within a year is a short term liability and the remainder is considered a long term liability. ...