About this episode

This episode discusses the accounting guidance for classifying debt as current or noncurrent and its implications on financial metrics.

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. Follow this podcast on yo...

Topics covered

• debt classification
• liquidity metrics
• covenant compliance
• financial position
• accounting guidance

Keywords

• debt
• current
• noncurrent
• covenant violations
• refinancing
• credit facilities
• going concern

Mentioned in this episode

Organizations: PwC

More episodes of PwC's accounting podcast

• SEC now: Recent developments shaping today’s landscape · July 21, 2026 · 50 min
• Convertible debt accounting: Making sense of complex terms · July 14, 2026 · 28 min
• Debt restructuring: Accounting for borrowers · July 7, 2026 · 40 min
• Beyond debt: Accounting for other liability-classified arrangements · June 30, 2026 · 31 min
• Disaggregated expense disclosures: Don’t roll the DISE · June 16, 2026 · 43 min

Explore listener stats, chart rankings, contacts and more on the PwC's accounting podcast podcast page.