Difference between current and non current liabilities?



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could you please tell me the difference between current and non current liabilities?
aren't secured loans non-current liabilities?

1 Answer(s)


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Current liabilities are due immediately - for example interest on a loan. Non-current liabilities are due at a later point in time - example the principal payment of a loan.
The interest component of a secured loan is a current liability and the principal portion is a non-current liability