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H&R Block Inc (NYSE:HRB)
Total Current Liabilities
$2,313 Mil (As of Apr. 2014)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, and Other Current Liabilities. H&R Block Inc's total current liabilities for the quarter that ended in Apr. 2014 was $2,313 Mil.


Definition

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

H&R Block Inc's Total Current Liabilities for the fiscal year that ended in Apr. 2014 is calculated as

Total Current Liabilities=Account Payable+Current Portion of Long-Term Debt+Other Current Liabilities
=1142.694+400.637+769.785
=2,313

H&R Block Inc's Total Current Liabilities for the quarter that ended in Apr. 2014 is calculated as

Total Current Liabilities=Account Payable+Current Portion of Long-Term Debt+Other Current Liabilities
=1142.694+400.637+769.785
=2,313

* 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.

H&R Block Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
Total Current Liabilities 2,2352,8935,2213,1112,3982,3212,2152,5262,0122,313

H&R Block Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
Total Current Liabilities 3,2432,5261,9771,9322,06301,4501,5472,0552,313
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