Non-Interest-Bearing Current Liability - NIBCL


DEFINITION of 'Non-Interest-Bearing Current Liability - NIBCL'

A category of debt entered on the liabilities side of a balance sheet under current liabilities. While a NIBCL is debt, representing a sum of money that the company owes and must pay within one year, it does not require interest payments.

BREAKING DOWN 'Non-Interest-Bearing Current Liability - NIBCL'

Here are some types of non-interest-bearing current liabilities:

- accounts payable that have no associated fees or interest
- taxes that have not yet been paid and are not increasing because of penalties or interest
- current income taxes that must be paid by the end of the year

  1. Current Assets

    A balance sheet account that represents the value of all assets ...
  2. Other Current Liabilities

    A balance sheet entry used by companies to group together current ...
  3. Current Liabilities

    A company's debts or obligations that are due within one year. ...
  4. Liability

    A company's legal debts or obligations that arise during the ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to ...
  6. EBITA

    Earnings before interest, taxes and amortization. To calculate ...
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  1. Can working capital be negative?

    Working capital can be negative if a company's current assets are less than its current liabilities. Working capital is calculated ... Read Full Answer >>
  2. How do I read and analyze an income statement?

    The income statement, also known as the profit and loss (P&L) statement, is the financial statement that depicts the ... Read Full Answer >>
  3. Does working capital include prepaid expenses?

    The calculation for working capital includes any prepaid expenses that are due within one year, since such prepaid expenses ... Read Full Answer >>
  4. Does working capital include short-term debt?

    Short-term debt is considered part of a company's current liabilities and is included in the calculation of working capital. ... Read Full Answer >>
  5. Do dividends affect working capital?

    Regardless of whether cash dividends are paid or accrued, a company's working capital is reduced. When cash dividends are ... Read Full Answer >>
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    Prepayments, or prepaid expenses, are typically included in the current assets on a company's balance sheet, as they represent ... Read Full Answer >>

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