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Murphy Oil Corporation Total Current Liabilities: 3,272.1 ( as of Mar13)

* All numbers are in millions except for per share data MUR 10-Y Financials »

Definition

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

Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt + Other Current Liabilities

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.

Formula

Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt + Other Current Liabilities

Murphy Oil Corporation Total Current Liabilities Calculation

* All numbers are in millions except for per share data

Murphy Oil Corporation Annual Data

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Murphy Oil Corporation Quarterly Data

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Beaware

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
* All numbers are in millions except for per share data

Murphy Oil Corporation Annual Data

This information is for Premium Members Only.


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Murphy Oil Corporation Quarterly Data

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