What Does Current Portion Of Long-Term Debt (CPLTD) Mean?
A portion of the balance sheet that represents the total amount of long-term debt that must be paid within the next year. The balance sheet has a liability section, which is broken down into long-term and current debt. When a debt payment is set to be made in longer than a year’s time, it is recorded in the long-term debt section, and when that payment becomes due within a year, it moves to the “current portion of long-term debt” section.
