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 other short term debt

## Current Liabilities Definition

The current liabilities is 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.

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