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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. NN's total current liabilities for the quarter that ended in Dec. 2023 was $81.6
The historical data trend for NN's Total Current Liabilities can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NN Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 139.48 | 103.23 | 74.02 | 78.81 | 81.62 |
NN Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Current Liabilities | Get a 7-Day Free Trial | 78.81 | 91.34 | 91.02 | 88.52 | 81.62 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
NN's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 61.468 | + | 9.645 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 10.506 | + | 0 | |
= | 81.6 |
NN's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 61.468 | + | 9.645 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 10.506 | + | 0 | |
= | 81.6 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange 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 the Current Ratio and Working Capital. 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. 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
Thank you for viewing the detailed overview of NN's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Rajeev Gautam | director | C/O HONEYWELL, 300 S. TRYON STREET, CHARLOTTE NC 28202 |
Timothy M. French | officer: Chief Operating Officer | 6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277 |
Joao V Faria | director | 1000 EATON BLVD., CLEVELAND OH 44122 |
Corre Partners Management, Llc | 10 percent owner | 12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017 |
Harold C Bevis | officer: President and CEO | 8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615 |
Wilson Thomas Hampton Jr. | director | PO BOX 807, 663 HWY 60, MONETT MO 65708 |
Raynard D. Benvenuti | director | 6210 ARDREY KELL ROAD, CHARLOTTE NC 28277 |
Shihab A. Kuran | director | 6210 ARDREY KELL ROAD, CHARLOTTE NC 28277 |
Christina Carroll | director | 16529 ADLON ROAD, ENCINO CA 91436 |
Jeri J Harman | director | |
Corre Opportunities Qualified Master Fund, Lp | 10 percent owner | 12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017 |
Warren A Veltman | officer: SVP/GM Autocam Precision Comp. | 2000 WATERS EDGE DRIVE, BUILDING C, SUITE 12, JOHNSON CITY TN 37604 |
Felcher, Jr. Michael C. | officer: See Remarks | 6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277 |
Eric Hjalmar Soderlund | 10 percent owner | 12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017 |
Corre Partners Advisors Llc | 10 percent owner | 12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017 |
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