Current Portion of Long-Term Debt (CPLTD)

You hate paying bills, but you love arbitrary financial ratios meant to confuse laypeople. It’s not just a question of owing debt; there's always a new finance professor somewhere looking to make a name for himself by creating a new ratio in the markets.

Enter the Current Portion Of Long-Term Debt (CPLTD). This is a classification of debt as both a percentage of current-year and long-term balance sheet liabilities.

So...let’s say you have $50,000 in long-term debt, while $10,000 of this debt is due next year. You now know that 20% of your long-term debt is owed.