Meaning of the word "Non Current Liabilities" in English

What does "Non Current Liabilities" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Non Current Liabilities

US /nɑn ˈkɜːrənt ˌlaɪəˈbɪlətiz/
UK /nɒn ˈkʌrənt ˌlaɪəˈbɪlətiz/

Plural Noun

obligations of a company that are not due for payment within one year, such as long-term loans, deferred tax liabilities, and bonds payable

Example:
The company's balance sheet showed significant non-current liabilities, including a large mortgage.
Investors often analyze non-current liabilities to assess a company's long-term financial health.