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Pep Boys - Manny Moe & Jack (NYSE:PBY)
Total Current Liabilities
\$614 Mil (As of Oct. 2015)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, Other Current Liabilities, and Current Deferred Liabilities. Pep Boys - Manny Moe & Jack's total current liabilities for the quarter that ended in Oct. 2015 was \$614 Mil.

Definition

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

Pep Boys - Manny Moe & Jack's Total Current Liabilities for the fiscal year that ended in Jan. 2015 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 594.212 + 2 + Other Current Liabilities + Current Deferred Liabilities = 7.1054273576E-15 + 61.216 = 657

Pep Boys - Manny Moe & Jack's Total Current Liabilities for the quarter that ended in Oct. 2015 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt = 546.203 + 2 + Other Current Liabilities + Current Deferred Liabilities = 1.42108547152E-14 + 65.615 = 614

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Pep Boys - Manny Moe & Jack Annual Data

 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Total Current Liabilities 581 604 554 536 511 560 618 687 695 657

Pep Boys - Manny Moe & Jack Quarterly Data

 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Total Current Liabilities 665 675 695 680 654 642 657 645 629 614
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