Long Term Liabilities

Long Term Liabilities are liabilities, or debt obligations, of the company that are not expected to be liquidated within the normal operating cycle of the business.  The most common types of long term liabilities that show on the balance sheet include:

• Notes Payable
• Bonds Payable
• Lease Obligations
• Pension Obligations
• Deferred Income Taxes

In general, long term liabilities include:

• Future obligations of the company, which occur as part of the normal operating cycle, such as pension funding or deferral of income taxes.
• Financing arrangements, whereby additional assets are acquired.