Please explain “principal due in the next 12 months?
Principal due in the next 12 months is the amount of payment (less interest or other costs such as insurance) that you will pay within the next 12 months. For example, if you owe on your vehicles or real estate for the next 10 years, the principal that will be paid in the next 12 months is a current liability. The remaining 9 years will be considered a long term liability.
