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Current Liabilities Calculator
Result
Chart
Show formula & working
Current liabilities = Short-term borrowings (incl. current maturities of long-term debt) + Trade payables + Other current liabilities + Short-term provisions
Other current liabilities (for MPBF) = Current liabilities − Bank borrowings for working capital
Details
Schedule III balance-sheet classification: rates and rules as of 24-Mar-2021 · Source: Ministry of Corporate Affairs — Schedule III amendment notification dated 24 March 2021; ICAI Guidance Note on Division I. Every figure based on it stays editable.
How this works
Current liabilities are dues payable within twelve months. Since the 2021 amendment to Schedule III, instalments of long-term loans due in the year are shown within short-term borrowings.
Working capital assessment (MPBF) needs current liabilities without the bank's own working capital borrowings — the second figure here.
Frequently asked questions
Are current maturities of term loans 'bank borrowings' for MPBF?
No. Only working capital borrowings are excluded; term-loan instalments due within the year stay in other current liabilities.
Where do customer advances go?
Under other current liabilities.
Getting accounts ready for a lender?
How figures are classified changes the ratios lenders read. Talk to Rytvae before you submit.