Total Liabilities

A summation of all company obligations, both short and long term.

Listed on the Balance Sheet, this figure represents all the obligations of the company. Total Liabilities include the Total Current Liabilities, Long Term Debt, and any other smaller and miscellaneous liabilities the company may have listed separately.

Total Liabilities in and of themselves are important, but it is even more important to look at what makes up the Total Liabilities and how these figures change over time. Looking at the accompanying notes describing what makes up the Long Term Debt and Short Term Debt will help you determine if the each debt is beneficial or detrimental.

Tags: Financial Statement Term, Balance Sheet