net current liabilities
noun[plural]
ACCOUNTING,FINANCEukusa company'sdebtsafteritscurrentassets(=assetsthat will be used orsoldwithin 12months)have beensubtractedfromitscurrentliabilities(=debtsthat must bepaidwithin 12months):
Thefiguresin theconsolidatedbalancesheetshownetcurrentliabilities to haverisentoalmost£12.5m.