A current liability is a liability which must be paid or fulfilled within one year. Examples include current portion of long-term debt, accounts payable, and accumulated expenses. The total is used as the denominator in the current ratio metric.
Recent Mentions on Fool.com
- 3 Biotech Stocks with Low Liquidity Ratios -- Are They in Trouble?
- Gift Tax Exclusion: How You Can Avoid a Key IRS Tax Trap
- Microsoft Investors Should Brace Themselves for the Next Massive Writedown
- Self-Employed Taxes: How Much You'll Owe and How You Can Pay Less
- Google Inc.'s Dividend: Is It Time to Follow Apple's Lead?
- 3 Half-Truths These High-Yield Stocks Love