What Are Non-Current Liabilities?
A non-current liability is money that is not expected to be repaid to the creditor for a year or more.
How it Works
A business will have liabilities.
A liability is money the business owes to others.
A business will have current liabilities.
Suppliers are current liabilities
They will be paid in the coming 12-month period.
A business will also have non-current liabilities.
These are liabilities that are not expected to be paid to the creditor for a year or more.
For example, a loan is a non-current liability.