Glossary entry

Spanish term or phrase:

Vencimientos circulantes de:

English translation:

Current maturities of:

Added to glossary by Richard Cadena
Jun 11, 2020 19:36
3 yrs ago
24 viewers *
Spanish term

Vencimientos circulantes de:

Spanish to English Bus/Financial Accounting Financial statements
Item on financial statements
Change log

Jun 16, 2020 17:52: Richard Cadena Created KOG entry

Proposed translations

+4
11 mins
Selected

Current maturities of:







Circulante in Mexican Spanish is "current". I found the following link on Internet.

https://www.money-zine.com/definitions/investing-dictionary/... Maturities of Long-Term Debt

Definition

The term current maturities of long-term debt refers to the portion of a company's liabilities that are coming due in the next 12 months. Examples of this long-term debt include bonds as well as mortgage obligations that are maturing. This portion of long-term debt is classified as a current liability on a company's balance sheet.

Explanation
Current liabilities are defined as debts that must be paid within one year or one operating cycle, whichever is longer. The current maturities of long-term debt is also part of the company's definitely determinable liabilities, since it's both known to exist and can be measured precisely.

As these debt obligations come due in the next 12 months, they are moved from the long-term liabilities section of the balance sheet to current liabilities. There are three exceptions to this guideline. If one of the following conditions exists, the debt should not be moved to the current liabilities section of the balance sheet:

If the company has established an asset (fund) to retire this debt, and that fund is not classified as a current asset.
If the long-term debt coming due is going to be refinanced or retired using new debt.
If the maturing portion of the long-term debt is going to be converted into shares of common or preferred stock.
Furthermore, companies are required to add a parenthetical explanation or footnote to the company's financial statements when they plan to liquidate debt in this manner.

Related Terms
current liabilities, long-term debt, current assets, parenthetical explanation, financial statement, definitely determinable liabilities

Hope this helps.

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Note added at 11 mins (2020-06-11 19:47:19 GMT)
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More context would be helpful.
Peer comment(s):

agree philgoddard
2 hrs
Thank you, Phil.
disagree Francois Boye : this is a faux concept. Why? Because maturity is a date. At that date, the debt is supposed to be fully repaid. Before maturity, there is a remaining debt called the outstanding debt.
7 hrs
agree patinba : Perfectly correct "current liabilities" being "pasivo circulante"
16 hrs
Thank you, Pat in Buenos Aires.
agree Luis M. Sosa
17 hrs
Muchas gracias, Luis. Saludos
agree Robert Carter
1 day 4 hrs
Thank you, Robert. Let's get together soon.
agree Lydia De Jorge
1 day 11 hrs
Thank you, Lydia.
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4 KudoZ points awarded for this answer. Comment: "Tahnk you"
-2
7 hrs

outstanding debt

Outstanding Debt Definition. Outstanding debt, defined as the total principal as well as interest amount of a debt that has yet to be paid, is of core importance for any company which has used debt financing.Jul 24, 2013
Peer comment(s):

disagree patinba : You can have short-term maturities (as in this case) and long-term maturities on the balance sheet. BTW, by posting your own answer you are implicitly disagreeing with previous posts. An actual disagree is in breach of site etiquette.
9 hrs
The debt that is remaining is called OUTSTANDING debt.//you are talking to a PH.D in economics who has dealt with international economic organizations.
disagree Robert Carter : You've misunderstood the concept here; it's a subset of that debt. https://www.investopedia.com/terms/c/currentmaturity.asp
21 hrs
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13 hrs

current end-of-term liabilities of:

End of term does not mean that school is out, rather is a tentative amalgam of the first two answers, plus a vague memory of end of finance leases andproperty or chattel mortgage term debts.
Example sentence:

if any end-of-term liabilities apply, they will be billed at a later time. Lease-End Process: Option 2. Return your leased vehicle to the dealer.

Something went wrong...
21 hrs

current maturity (values) of ../ ..expiration (values) of ..

According to my dictionary 'vencimientos' are 'maturities' or 'expirations'.
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