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GuruFocus has detected 4 Warning Signs with Steelcase Inc $SCS.
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Steelcase Inc (NYSE:SCS)
Total Current Liabilities
$520 Mil (As of Nov. 2016)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, Other Current Liabilities, and Current Deferred Liabilities. Steelcase Inc's total current liabilities for the quarter that ended in Nov. 2016 was $520 Mil.


Definition

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

Steelcase Inc's Total Current Liabilities for the fiscal year that ended in Feb. 2016 is calculated as

Total Current Liabilities=Account Payable+Current Portion of Long-Term Debt
=536.4+2.5
+Other Current Liabilities+Current Deferred Liabilities
=2.13162820728E-14+18.6
=558

Steelcase Inc's Total Current Liabilities for the quarter that ended in Nov. 2016 is calculated as

Total Current Liabilities=Account Payable+Current Portion of Long-Term Debt
=497.9+2.8
+Other Current Liabilities+Current Deferred Liabilities
=6.75015598972E-14+19.3
=520

* 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

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 local exchange's currency.

Steelcase Inc Annual Data

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
Total Current Liabilities 644683520413737462485538544558

Steelcase Inc Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
Total Current Liabilities 530571544493549566558436478520
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