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Plenti Group (ASX:PLT) Total Current Liabilities : A$37.8 Mil (As of Mar. 2024)


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What is Plenti Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Plenti Group's total current liabilities for the quarter that ended in Mar. 2024 was A$37.8

Plenti Group Total Current Liabilities Historical Data

The historical data trend for Plenti Group's Total Current 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.

* Premium members only.

Plenti Group Total Current Liabilities Chart

Plenti Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Total Current Liabilities
382.58 360.24 20.50 29.29 37.79

Plenti Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Total Current Liabilities Get a 7-Day Free Trial 20.50 1,618.53 29.29 2,079.55 37.79

Plenti Group Total Current Liabilities Calculation

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

Plenti Group's Total Current Liabilities for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=5.339+0
+Other Current Liabilities+Current Deferred Liabilities
=32.449+0
=37.8

Plenti Group's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=5.339+0
+Other Current Liabilities+Current Deferred Liabilities
=32.449+0
=37.8

* 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.

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 the Current Ratio and Working Capital. 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. 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

Plenti Group Total Current Liabilities Related Terms

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Plenti Group (ASX:PLT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Plenti Group Ltd (ASX:PLT) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
14 Martin Place, Level 5, Sydney, NSW, AUS, 2000
Website
https://www.plenti.com.au
Plenti Group Ltd is a technology-led consumer lending and investment company. The company offers loan products under three verticals namely, Automotive lending provides finance to personal and commercial customers for the purchase of new or used motor vehicles; Renewable energy lending provides finance to Australian households for the purchase and installation of renewable energy products such as solar panels and batteries; and Personal lending provides fixed-term, unsecured, interest-bearing loans used for purposes such as debt consolidation, home improvement, travel expenses, major events, medical expenses, and other purposes.

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