Other Current Liabilities

AAA

DEFINITION of 'Other Current Liabilities'

A balance sheet entry used by companies to group together current liabilities that are not assigned to common liabilities such as debt obligations or accounts payable.

INVESTOPEDIA EXPLAINS 'Other Current Liabilities'

Companies will group together these other current liabilities into one account on the balance sheet for the sake of simplicity. Investors should be able to find out exactly which liabilities are accounted for in the other current liabilities account by reading the attached foot or end notes.

RELATED TERMS
  1. Spontaneous Liabilities

    Liabilities of a company that are accumulated automatically as ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to ...
  3. Current Liabilities

    A company's debts or obligations that are due within one year. ...
  4. Other Current Assets - OCA

    A firm's assets that do not include cash, securities, receivables, ...
  5. Other Long-Term Liabilities

    A balance sheet item that includes obligations which are not ...
  6. Deferred Tax Asset

    A deferred tax asset is an asset on a company's balance sheet ...
Related Articles
  1. Reading The Balance Sheet
    Investing Basics

    Reading The Balance Sheet

  2. Breaking Down The Balance Sheet
    Personal Finance

    Breaking Down The Balance Sheet

  3. The Importance Of Corporate Transparency
    Investing Basics

    The Importance Of Corporate Transparency

  4. Off-Balance-Sheet Entities: An Introduction
    Investing

    Off-Balance-Sheet Entities: An Introduction

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center