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Walgreen Co (NYSE:WAG)
Total Current Liabilities
\$8,409 Mil (As of May. 2014)

Total current liabilities includes Account Payable, Current Portion of Long-Term Debt, and Other Current Liabilities. Walgreen Co's total current liabilities for the quarter that ended in May. 2014 was \$8,409 Mil.

Definition

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

Walgreen Co's Total Current Liabilities for the fiscal year that ended in Aug. 2013 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt + Other Current Liabilities = 6084 + 570 + 2229 = 8,883

Walgreen Co's Total Current Liabilities for the quarter that ended in May. 2014 is calculated as

 Total Current Liabilities = Account Payable + Current Portion of Long-Term Debt + Other Current Liabilities = 7629 + 780 + 0 = 8,409

* 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Walgreen Co Annual Data

 Aug04 Aug05 Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Total Current Liabilities 4,078 4,481 5,755 6,744 6,644 6,769 7,433 8,083 8,722 8,883

Walgreen Co Quarterly Data

 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Total Current Liabilities 7,254 7,501 8,722 9,320 9,025 9,690 8,883 8,821 8,499 8,409
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