Magna International (Magna International) Total Liabilities : $19,978 Mil (As of Dec. 2023)

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What is Magna International Total Liabilities?

Magna International's Total Liabilities for the quarter that ended in Dec. 2023 was $19,978 Mil.

Magna International's quarterly Total Liabilities declined from Jun. 2023 ($20,182.00 Mil) to Sep. 2023 ($19,923.00 Mil) but then increased from Sep. 2023 ($19,923.00 Mil) to Dec. 2023 ($19,978.00 Mil).

Magna International's annual Total Liabilities declined from Dec. 2021 ($16,861.00 Mil) to Dec. 2022 ($16,454.00 Mil) but then increased from Dec. 2022 ($16,454.00 Mil) to Dec. 2023 ($19,978.00 Mil).

Magna International Total Liabilities Historical Data

The historical data trend for Magna International's Total 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.

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Magna International Total Liabilities Chart

Magna International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Liabilities

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14,659.00

16,885.00

16,861.00

16,454.00

19,978.00

Magna International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Liabilities	Get a 7-Day Free Trial															16,454.00	19,165.00	20,182.00	19,923.00	19,978.00

Magna International Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Magna International's Total Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	13234	+	(5494	+	252
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	407	+	591)
	=	19,978

Total Liabilities	=	Total Assets (A: Dec. 2023 )	-	Total Equity (A: Dec. 2023 )
	=	32255	-	12277
	=	19,978

Magna International's Total Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	13234	+	(5494	+	252
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	407	+	591)
	=	19,978

Total Liabilities	=	Total Assets (Q: Dec. 2023 )	-	Total Equity (Q: Dec. 2023 )
	=	32255	-	12277
	=	19,978

Magna International Total Liabilities Related Terms

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Magna International (Magna International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Total Liabilities

Comparable Companies

Traded in Other Exchanges

MGA N:Mexico MGA:Germany MGA:Germany MG:Canada

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.