{
  "version": "1.3.0",
  "releasedAt": "2026-05-20",
  "kpi": {
    "rogueId": "finance.current_liability_adjustments",
    "slug": "current_liability_adjustments",
    "domain": "finance",
    "defaultLabel": "Current Liability Adjustments",
    "description": "Signed cash effect of period-over-period changes in current liabilities — accounts payable, accrued payroll/taxes/bonuses, deferred revenue from customer prepayments, and other short-term liabilities. Positive when liabilities grow and absorb less cash than the matched expense suggests (e.g. AP balance growing means vendor cash payments lag); negative when liabilities are being paid down faster than they accrue. Deferred revenue is the most powerful component in SaaS — a large annual prepayment received increases deferred revenue and supplies cash now against expense recognized later. Common pitfall: a board reading this as straight cash improvement misses that deferred revenue must still be earned out, and a stretched AP balance signals supplier strain. Best practice: footnote large components (deferred revenue, accrued bonus) separately.",
    "fieldType": "currency",
    "unit": null,
    "maturity": "general",
    "suggestedForStages": [
      "seriesA",
      "seriesB",
      "seriesC",
      "public"
    ],
    "defaultOwningFunctions": [
      "Finance"
    ],
    "stageRelevance": {
      "seriesA": "recommended",
      "seriesB": "recommended",
      "seriesC": "recommended",
      "public": "recommended"
    },
    "definitionSource": {
      "tier": "editorial",
      "sourceName": "imboard Editorial",
      "sourceUrl": null,
      "sectionRef": null,
      "publicationDate": "2026-04-01",
      "attributionNotice": null
    },
    "formula": "+(Δ accounts_payable + Δ accrued_liabilities + Δ deferred_revenue + Δ other_current_liabilities) for the period. Liability increase = cash supplied, so positive sign.",
    "whyItMatters": "Captures the cash benefit (or drag) of working-capital liability movements — deferred revenue inflows in particular can mask underlying cash burn at SaaS companies that book annual upfront.",
    "interpretationGuidance": "A sustained positive trend driven by AP growth (not deferred revenue) is a yellow flag — it means the company is funding itself by lengthening supplier payment cycles. A surge driven by deferred revenue (annual contract closes) is a one-time cash benefit that doesn't recur. Separate the components in commentary.",
    "relatedKpiIds": [
      "finance.current_asset_adjustments",
      "finance.net_working_capital_adjustment",
      "finance.operationally_available_cash",
      "finance.working_capital_adjustments_list"
    ],
    "metricBasis": {
      "timeBasis": "period_flow",
      "moneyBasis": "cash",
      "production": "primary"
    }
  }
}