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1 Current liabilities are those that will become due, or must be paid, within one year. 2  Long-term liabilities are debts and other non-debt financial obligations, which are due after a period of at least one year from the date of the balance sheet.
Current Liabilities. Quick Ratio. How to use this calculator. The balance sheet from your latest financial statement holds the numbers you'll need to calculate your company's quick ratio. Find the entries for total current assets, inventories and total current liabilities. Fill in total current assets.