ECONOMICS

Detailed explanation-1: -The current portion of long-term debt (CPLTD) is the amount of unpaid principal from long-term debt that has accrued in a company’s normal operating cycle (typically less than 12 months). It is considered a current liability because it has to be paid within that period.

Detailed explanation-2: -Noncurrent liabilities, also called long-term liabilities or long-term debts, are long-term financial obligations listed on a company’s balance sheet.

Detailed explanation-3: -Current liabilities are debts a company owes that must be paid within one year. They are often paid with current assets.

Detailed explanation-4: -Current liabilities (short-term liabilities) Current liabilities (also called short-term liabilities) are debts a company must pay within a normal operating cycle, usually less than 12 months (as opposed to long-term liabilities, which are payable beyond 12 months). Paying off current liabilities is mandatory.