Explore: Current Liabilities

Current liabilities in accounting refer to the liabilities of a business that are expected to be settled in cash within one fiscal year or the firm's operating

Long-term liabilities, or non-current liabilities, are liabilities that are due beyond a year or the normal operation period of the company.[better source needed]

of liquidity. Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the

classified into current assets and long-term fixed assets. The current ratio is calculated by dividing total current assets by total current liabilities. It is

current assets or by the creation of new current liabilities Non-current, or Long-term liabilities, liabilities with a future benefit over a certain period

out Total liabilities of Total Assets: Total Liabilities = Current Liabilities + Non-Current Liabilities {\displaystyle {\text{Total Liabilities}}={\text{Current

assets) to extinguish or retire current liabilities immediately. It is the ratio between quick assets and current liabilities. A normal liquid ratio is considered

to current assets. Working capital is calculated as current assets minus current liabilities. If current assets are less than current liabilities, an

to pay its bills in a short period of time by comparing CCE and current liabilities. Nevertheless, this can happen only if there are receivables that

balance sheet and are usually divided into two categories: Current liabilities – these liabilities are reasonably expected to be liquidated within a year