This figure represents all obligations for cash, goods, or services for the time period listed. Total liabilities include current liabilities and long-term debt. As with other balance-sheet items, the figure is shown in millions of dollars ($M) and is current as of the last day of the quarter.
Benefit
Total liabilities is helpful in assessing financial health. A company with too many liabilities relative to its assets is putting itself at risk.
Origin
This information is found in the shareholders’ equity area of the company’s most-recent quarterly or annual balance sheet. This information is updated weekly.
For the Pros
Total liabilities is subtracted from total assets to get total equity, also known as net worth or book value.