UTG (UTGN) Change In Working Capital : $-10.44 Mil (TTM As of Mar. 2024)

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What is UTG Change In Working Capital?

UTG's change in working capital for the quarter that ended in Mar. 2024 was $-1.63 Mil.

UTG's change in working capital for the fiscal year that ended in Dec. 2023 was $-6.43 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

UTG Change In Working Capital Historical Data

The historical data trend for UTG's Change In Working Capital 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.

* Premium members only.

UTG Change In Working Capital Chart

UTG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-0.94

-4.98

-3.98

-0.65

-6.43

UTG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Working Capital	Get a 7-Day Free Trial															2.38	-7.99	-0.70	-0.12	-1.63

UTG Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.44 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

UTG Change In Working Capital Related Terms

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UTG (UTGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » UTG Inc (OTCPK:UTGN) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 North Depot Street, Stanford, KY, USA, 40484

Website

https://www.utgins.com

UTG Inc operates as a life insurance holding company. The company's primary business is individual life insurance which includes the servicing of existing insurance business in force and the acquisition of other companies in the insurance business and administration processing of life insurance business for other entities. Its product offering is the Tradition policy which is a fixed premium whole life insurance policy. Premiums are level and payable for life. Issue ages are 0-75. The second is the annuity product, which is a five-year, single premium product. The company's investment portfolio consists of fixed maturities, equity securities, trading securities, mortgage loans, notes receivable and real estate to provide funding for future policy contractual obligations.

Executives

Daniel T Roberts	officer: Vice President	205 NORTH DEPOT STREET, STANFORD KY 40484
Jesse T Correll	director, 10 percent owner, officer: Chairman & CEO
Bradley John Betack	officer: Secretary	205 NORTH DEPOT STREET, STANFORD KY 40484
John Cortines	director	205 NORTH DEPOT STREET, STANFORD KY 40484
Preston Howard Correll	director	205 NORTH DEPOT STREET, STANFORD KY 40484
April Chapman	director	205 NORTH DEPOT STREET, STANFORD KY 40484
First Southern Funding Llc	10 percent owner
Cumberland Lake Shell Inc	10 percent owner	PO BOX 430, SOMERSET KY 42502
Kirk A. Correll	10 percent owner	P.O. BOX 328, 99 LANCASTER STREET, STANFORD KY 40484
Estate Of Ward F. Correll	10 percent owner	P.O. BOX 328, 99 LANCASTER STREET, STANFORD KY 40484
James Patrick Rousey	director, officer: President	5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703
Douglas Paul Ditto	officer: Vice President	5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703
Thomas Eugene Harmon	director	5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703
Gabriel John Molnar	director	12910 SHELBYVILLE RD #200, LOUISVILLE KY 40243
Brian J Crall	director	101 PORTSMOUTH LANE, FRANKFORT KY 40601

UTG (UTGN) Headlines

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Utg Inc (UTGN) Chairman & CEO Jesse T Correll Bought $1.2 million of Shares

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