Definition of current liabilities in US English:

current liabilities

plural noun

  • Amounts due to be paid to creditors within twelve months.

    • ‘The quick ratio is calculated as total receivables plus cash and all securities readily transferable into cash, divided by total current liabilities.’
    • ‘This protection period provides the ability to renegotiate the company's current liabilities.’
    • ‘The current ratio - which is total current assets divided by total current liabilities - is commonly used by analysts to assess the ability of a company to meet its short-term obligations.’
    • ‘That means the company has current assets well in excess of its current liabilities and can pay its bills.’
    • ‘These include current liabilities such as credit card borrowing and personal loans, and long-term liabilities such as a mortgage.’
    • ‘These activities diminish current liabilities and changes to working capital.’
    • ‘Plus, the ratio of current assets to current liabilities has risen.’
    • ‘Because current assets pay for current liabilities, the ratio between the two is important: a company should have enough of the former to cover the latter.’
    • ‘If your plan's assets are less than 90% of current liabilities, it must send you a notice of underfunding.’
    • ‘Net current assets of E1.38 billion had turned into net current liabilities of minus E1.70 billion.’
    • ‘Reclassify long-term and short-term liabilities as current liabilities in the event that covenants were breached, or a loan repayment was missed.’
    • ‘The company's loss after taxation for that year was $2,496,076 and it had a deficit of current assets against current liabilities of $145,497.’
    • ‘All of this increase was due to a jump in current liabilities.’
    • ‘Working capital is the school's current assets less its current liabilities.’
    • ‘We say ‘likely’ because, although a ratio of 1 or greater indicates the company has more current assets then current liabilities, it may be inappropriate to judge certain industries by a rigid standard.’
    • ‘What will the central bank do with the money if not for covering the government's current liabilities?’
    • ‘However, due to the scale of the current liabilities, the working group is now considering the merging of Funds A and B.’
    • ‘A company's book value is its net asset value minus its intangible assets, current liabilities, long-term debt and equity issues.’
    • ‘A current ratio of at least $1 of current assets for each $1 of current liabilities is the required level of liquidity.’
    • ‘It accomplishes this to the extent that it serves to bring down wage rates and prices and thus the dollar amount of current liabilities, which fall as the result of smaller outlays being made and thus smaller bills having to be paid.’

Pronunciation

current liabilities

/ˈkərənt ˌlīəˈbilədēz/