current debt


A balance sheet item which equals the sum of all money owed by a company and due within one year. also called payables or current liabilities.

Use current debt in a sentence

You should always be kept up on your current debt so that you know you don't get to far under water.

​ Was this Helpful? YES  NO 8 people found this helpful.

Our current debt was causing us a lot of problems in our company, so I decided that it was time to start paying it off.

​ Was this Helpful? YES  NO 11 people found this helpful.

The current debt of Mr. Milan's dog grooming company was $50,000 and he wasn't sure if profits from services would be able to cover that debt.

​ Was this Helpful? YES  NO 2 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
credit scoring management accounting