Enter the trade payables, short-term loans, current portion of long-term loans, notes payable, accrued expenses, prepaid revenues, and other short-term debts to determine the current liabilities.

## Current Liabilities Formula

The following formula is used to calculate current liabilities.

L = TP + STL + CPLTL+ NP + AE + PR + STD

• Where L is the current liabilities
• TP is the trade payables
• STL is short term loans
• CPLTL is the current portion of long term loans
• NP is the notes payable
• AE is the accrued expenses
• PR is the prepaid revenues
• STD is another short term debt

## Current Liabilities Definition

The current liabilities are defined as all liabilities that are owed during the current time period.

## FAQ

What is current liabilities?

Current liabilities are all the liabilities that are applicable for the current time period. Usually, this time period is either a year or quarter. For example, it would be all of the liabilities for an entire year.