current liabilities

Definition

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 debt.

Use current liabilities in a sentence

The current liabilities were less than the current assets so our balance sheet was looking favorable according to the financial analyst.

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When you are running a company you can not only focus on the assets, you need to weigh all aspects properly, including your current liabilities.

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Current liabilities are calculated using the total of outstanding invoices that due to be paid to a company's vendors within the next 12 month period without consideration to any invoice terms.

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