What is Current Portion Of Long-Term Debt (Cpltd)?
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.
Related guide: What are Current Liabilities?.
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