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Apple Inc (NAS:AAPL)
Total Current Liabilities
\$79,006 Mil (As of Sep. 2016)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, Other Current Liabilities, and Current Deferred Liabilities. Apple Inc's total current liabilities for the quarter that ended in Sep. 2016 was \$79,006 Mil.

Definition

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

Apple Inc's Total Current Liabilities for the fiscal year that ended in Sep. 2016 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 59321 + 11605 + Other Current Liabilities + Current Deferred Liabilities = 0 + 8080 = 79,006

Apple Inc's Total Current Liabilities for the quarter that ended in Sep. 2016 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 59321 + 11605 + Other Current Liabilities + Current Deferred Liabilities = 0 + 8080 = 79,006

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Apple Inc Annual Data

 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Total Current Liabilities 9,299 11,361 11,506 20,722 27,970 38,542 43,658 63,448 80,610 79,006

Apple Inc Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Total Current Liabilities 46,205 63,448 73,611 58,729 65,285 80,610 76,092 68,265 71,486 79,006
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