Other Current Liabilities

Explanation: Other Current Liabilities refer to short-term obligations recorded on a company’s balance sheet that do not fall under specific categories such as short-term provisions, trade payables, and short-term borrowings. These liabilities typically include items such as accrued expenses, deferred revenue, unearned income, and other miscellaneous liabilities that are expected to be settled within one year.

Example: TCS reports other current liabilities of 19,288 crore rupees as of FY23. These liabilities encompass various obligations not classified under short-term provisions, trade payables, or short-term borrowings. Examples of other current liabilities for TCS may include accrued expenses for services or utilities, deferred revenue from advance payments received for goods or services not yet delivered, and unearned income from prepaid subscriptions or contracts. Monitoring changes in other current liabilities helps stakeholders understand the composition of TCS’s short-term obligations and assess its liquidity position and working capital management.

You can view the Other Current Liabilities for any company on Radar under Current Liabilities in the Balance Sheet section.