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To: Gary Kao who wrote (156030)1/17/2002 2:26:58 PM
From: Dave  Read Replies (1) | Respond to of 186894
 
Gary,

There are Current Liabilities (CL) and LT Liabilities (LTL). The definition of a CL is one that is due within 365 days. LTL are due in greater than a year's time.

Technically, all LTL eventually will become a CL. It isn't necessarily a bad thing. The company must do one of two things: (1) Pay off the CL by using cash; or (2) Float more debt on the market to pay off the CL.


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