Switch to:
Total Current Liabilities
\$8,166 Mil (As of Oct. 2016)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, Other Current Liabilities, and Current Deferred Liabilities. Best Buy Co Inc's total current liabilities for the quarter that ended in Oct. 2016 was \$8,166 Mil.

Definition

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

Best Buy Co Inc's Total Current Liabilities for the fiscal year that ended in Jan. 2016 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 5764 + 395 + Other Current Liabilities + Current Deferred Liabilities = 409 + 357 = 6,925

Best Buy Co Inc's Total Current Liabilities for the quarter that ended in Oct. 2016 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 7366 + 43 + Other Current Liabilities + Current Deferred Liabilities = 377 + 380 = 8,166

* 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.

Best Buy Co Inc Annual Data

 Feb07 Feb08 Feb09 Feb10 Feb11 Feb12 Jan13 Jan14 Jan15 Jan16 Total Current Liabilities 6,301 6,769 8,435 8,978 8,663 8,855 10,810 7,436 7,777 6,925

Best Buy Co Inc Quarterly Data

 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Total Current Liabilities 7,251 8,626 7,777 6,721 6,838 8,395 6,925 6,334 6,800 8,166
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)