Accounting

Long-Term Liabilities

By May 27, 2019September 21st, 2021No Comments

What are Long-Term Liabilities?

Long-Term Liabilities are liabilities the company owes that do not require the usage of cash within one year. These liabilities don’t require near-term cash payments. Because these obligations are not Current Liabilities, they’re also known as Non-Current Liabilities.

This is usually the standard definition for Long-Term Liabilities because most companies have an operating cycle shorter than one year.

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