Are debts current assets? 1.80K viewsAccounting0 Jiggetts 0 Comments Do you know if debt is included in the current assets and when? Do I need to split between current and non current? 1 AnswerActiveVotedNewestOldest 0 Sears Posted 0 Comments Debts are liabilities unless you mean loan that the company has provided to another company. In this case, if the loan is payable on demand or it matures within one year, then it is a current asset. Register or Login Search for: