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Cintas Corp (NAS:CTAS)
Total Current Liabilities
\$711 Mil (As of Aug. 2016)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, Other Current Liabilities, and Current Deferred Liabilities. Cintas Corp's total current liabilities for the quarter that ended in Aug. 2016 was \$711 Mil.

Definition

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

Cintas Corp's Total Current Liabilities for the fiscal year that ended in May. 2016 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 565.555 + 250 + Other Current Liabilities + Current Deferred Liabilities = 0 + 0 = 816

Cintas Corp's Total Current Liabilities for the quarter that ended in Aug. 2016 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 547.059 + 163.8 + Other Current Liabilities + Current Deferred Liabilities = 0 + 0 = 711

* 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.

Cintas Corp Annual Data

 May07 May08 May09 May10 May11 May12 May13 May14 May15 May16 Total Current Liabilities 403 367 301 384 434 676 556 630 509 816

Cintas Corp Quarterly Data

 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Total Current Liabilities 630 636 852 579 509 959 1,131 859 816 711
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