Current liabilities

What is Current liabilities?

Current liabilities meaning A debt or other obligation that must be discharged within one year or the normal operating cycle of the utility by expending a current asset or the incurrence of another short-term obligation. Current liabilities include accounts payable, short-term notes payable, and accrued expenses payable such as taxes payable and salaries payable.


reference: Glossary – U.S. Energy Information Administration (EIA)