Current Liabilities is company's short term debts. This usually includes obligations that are due within next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
Devon Current Liabilities Assessment
In accordance with recently published financial statements Devon Energy Corporation has Current Liabilities of 4.78 B. This is much higher than that of Basic Materials sector, and significantly higher than that of Independent Oil and Gas industry, The Current Liabilities for all stocks is over 1000% lower than the firm.
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Devon is rated # 4 in current liabilities category among related companies.
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