[grog454]

Wouldn't the principle be a current liability, and the interest the future liability?

[danielmarkbruce]

No.

[grog454]

For those hoping for more elaboration (including myself):

1. Only the portion of the principal that is due to be paid within the next 12 months is considered a "current liability".

2. Interest is a "future cash flow" that becomes a liability as it accrues over time.