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Exceed Co Ltd (NAS:EDS)
Total Current Liabilities
\$35.2 Mil (As of Jun. 2014)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, Other Current Liabilities, and Current Deferred Liabilities. Exceed Co Ltd's total current liabilities for the quarter that ended in Jun. 2014 was \$35.2 Mil.

Definition

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

Exceed Co Ltd's Total Current Liabilities for the fiscal year that ended in Dec. 2013 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 18.6305564702 + 1.64636154099 + Other Current Liabilities + Current Deferred Liabilities = 1.72867961804 + 0 = 22.0

Exceed Co Ltd's Total Current Liabilities for the quarter that ended in Jun. 2014 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 13.8765126954 + 9.88379931307 + Other Current Liabilities + Current Deferred Liabilities = 11.4218534331 + 0 = 35.2

* 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

Historical Data

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

Exceed Co Ltd Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Total Current Liabilities 0.0 0.0 0.1 0.7 71.4 46.8 31.2 19.4 16.5 22.0

Exceed Co Ltd Quarterly Data

 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Jun14 Total Current Liabilities 19.4 50.0 25.6 22.1 16.5 21.3 23.4 28.0 22.0 35.2
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