current portion of long-term debt

Definition

CPLTD. A value on a company's balance sheet which indicates how much long-term debt must be repaid within the upcoming fiscal year. This includes any debt which has its final payment due in the upcoming year; any other debt is simply recorded in the long-term debt field. This value can be important because if the current portion is very high, a concern would be that the company might not have enough cash on hand to cover that debt.

Use this term in a sentence

The current portion of long-term debt was something we had to pay attention to and it made us really weary.

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Our current portion of long-term debt was reasonable enough that it didn't seem to be harming our bottom line too adversely.

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The current portion of long-term debt that Jake was accruing was so high that he did not think that a twelve-month timetable for repayment would be adequate.

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