Current or noncurrent? Getting debt classification right

PwC's accounting podcast · Jun 23, 2026 · 36m · transcript

Debt classification can significantly affect liquidity metrics, covenant compliance, and how stakeholders view a company’s financial position. This episode discusses the accounting guidance for classifying debt as current or noncurrent, including key judgments related to covenant violations, subjective acceleration clauses, refinancing arrangements, revolving credit facilities, and going concern.

For more, see chapter 12 of our Financial statement presentation guide. You can also listen to the other episodes in this series:

Debt restructuring: Accounting for borrowers

Beyond debt: Accounting…