What is the term for liabilities that are due within one year?

Current liabilities are financial obligations that a company is expected to settle within one year. This may include items such as accounts payable, short-term loans, and other debts that must be paid in the near term. Understanding current liabilities is crucial for evaluating a company's liquidity and operating efficiency, as they indicate the short-term financial obligations that need to be met to maintain smooth operations.

Long-term debt refers to obligations that extend beyond one year, which is not applicable here. Fixed liabilities typically refer to long-term obligations as well and are not a standard term used to describe short-term financial commitments. Deferred liabilities represent obligations that are recorded but not yet due, and can also extend beyond one year. Hence, current liabilities is the most precise term to describe those debts that a company must address within the next twelve months.