what is non current liabilities

Non-current liabilities, also known as long-term liabilities, are financial obligations that are not due within the following twelve months. They are listed on a companys balance sheet and represent a companys long-term financial obligations. Examples of non-current liabilities include long-term loans, bonds payable, deferred tax liabilities, long-term lease obligations, and pension benefit obligations. Non-current liabilities are important to consider when assessing a companys financial health, as they can impact a companys cash flow projection and ability to pay future debts and grow. In contrast, current liabilities are debts that a business expects to pay within 12 months.