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ITT Educational Services, Inc. (NYSE:ESI)
Total Current Liabilities
$459 Mil (As of Jun. 2014)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, Other Current Liabilities, and Current Deferred Liabilities. ITT Educational Services, Inc.'s total current liabilities for the quarter that ended in Jun. 2014 was $459 Mil.


Definition

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

ITT Educational Services, Inc.'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
=76.128+207.883
+Other Current Liabilities+Current Deferred Liabilities
=42.136+147.63
=474

ITT Educational Services, Inc.'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
=99.238+182.429
+Other Current Liabilities+Current Deferred Liabilities
=46.233+131.378
=459

* 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.

ITT Educational Services, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Total Current Liabilities 233251285292265285356345327474

ITT Educational Services, Inc. Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Total Current Liabilities 332261254327355350405474458459
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