This glossary uses Visual Finance™ to bring financial terms to life. Each example shows data from the Round Number Company, a fictional business with simplified figures to make learning easier. For more details, visit 'How to Read Visual Finance'.
Current Debt is the portion of Current Liabilities that is related to borrowing money (i.e. interest-bearing bank loans). ‘Current’ indicates it is falling due within the fiscal year (or within the next 12 months).
Current Debt includes short-term Loans and the Current Portion Of Long-Term Debt.
Also called Short-term Debt.
The above is our generic explanations of common corporate financial terminology. Actual meanings can vary widely from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"
term list.