total current liabilities

Definition

The sum of a company's accounts payable, accrued salaries payable, payroll taxes payable, long-term debt, and other accrued liabilities.

Use this term in a sentence

Due to the total current liabilities we could not expand the company any further on credit, and had to wait to expand.

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You should always know what your total current liabilities are and make sure that you can handle them if they go wrong.

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The company's total current liabilities are too high in number, and as a result, raises will be on a freeze, but no jobs will be lost as far as can be seen for the future year.

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