A long-term liability is a noncurrent liability. That is, a long-term liability is an obligation that is not due within one year of the date of the balance sheet (or not due within the company's operating cycle if it is longer than one year).
Some examples of long-term liabilities are the noncurrent portions of the following:
- bonds payable
- long-term loans
- capital leases
- pension liabilities
- postretirement healthcare liabilities
- deferred compensation
- deferred revenues
- deferred income taxes
- derivative liabilities
- a long-term investment that is sufficient and restricted for the payment of the debt, or
- intent and a financing arrangement that replaces the debt with new long-term debt or with capital stock.