Current maturities of long-term borrowings
AccountingAlso called: Current maturities
The portion of a long-term loan falling due within twelve months of the reporting date, stripped out of non-current borrowings and presented among current liabilities.
In plain terms
It is why the line labelled long-term debt gets smaller as a large repayment gets closer. A screener column built on that line ranks a company with an imminent bullet as the safer of two.