The current portion of long-term debt (CPLTD) is the portion of a company's long-term debt that must be repaid within the next year.
For example, a business with a $180,000 equipment loan amortized over 5 years records approximately $36,000 as the current portion of long-term debt on its balance sheet each year, representing the principal payments due within the next 12 months.
.avif)
.svg){kind=small}