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Tribune Company (OTCPK:TRBAA)
Total Current Liabilities
$1,966 Mil (As of Sep. 2008)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, and Other Current Liabilities. Tribune Company's total current liabilities for the quarter that ended in Sep. 2008 was $1,966 Mil.


Definition

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Tribune Company's Total Current Liabilities for the fiscal year that ended in Dec. 2007 is calculated as

Total Current Liabilities=Account Payable+Current Portion of Long-Term Debt+Other Current Liabilities
=392.456+1.137+51.684
=445

Tribune Company's Total Current Liabilities for the quarter that ended in Sep. 2008 is calculated as

Total Current Liabilities=Account Payable+Current Portion of Long-Term Debt+Other Current Liabilities
=949.487+835.784+180.252
=1,966

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company’s cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through Working Capital and the Current Ratio. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Liabilities is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.


Be Aware

Stay away from companies that ‘roll over the debt’ e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite ‘Wells Fargo’ has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term


Related Terms

Account Payable, Current Portion of Long-Term Debt, Other Current Liabilities


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tribune Company Annual Data

Dec98Dec99Dec00Dec01Dec02Dec03Dec04Dec05Dec06Dec07
Total Current Liabilities 000001,2641,3581,4471,027445

Tribune Company Quarterly Data

Jun06Sep06Dec06Mar07Jun07Sep07Dec07Mar08Jun08Sep08
Total Current Liabilities 1,9432,8271,0272,4551,6111,6444452,0792,7641,966
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