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OCZ Technology Group (FRA:OADA) Total Current Liabilities : €44.6 Mil (As of Aug. 2013)


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What is OCZ Technology 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. OCZ Technology Group's total current liabilities for the quarter that ended in Aug. 2013 was €44.6

OCZ Technology Group Total Current Liabilities Historical Data

The historical data trend for OCZ Technology 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.

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OCZ Technology Group Total Current Liabilities Chart

OCZ Technology Group Annual Data
Trend Dec05 Dec06 Feb09 Feb10 Feb11 Feb12 Feb13
Total Current Liabilities
Get a 7-Day Free Trial 30.29 30.38 48.89 93.96 36.63

OCZ Technology Group Quarterly Data
Feb09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Feb13 May13 Aug13
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 93.96 71.49 36.63 38.76 44.56

OCZ Technology 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.

OCZ Technology Group's Total Current Liabilities for the fiscal year that ended in Feb. 2013 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=32.904+0
+Other Current Liabilities+Current Deferred Liabilities
=1.904+1.82
=36.6

OCZ Technology Group's Total Current Liabilities for the quarter that ended in Aug. 2013 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=25.174+12.805
+Other Current Liabilities+Current Deferred Liabilities
=5.842+0.736
=44.6

* 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

OCZ Technology Group Total Current Liabilities Related Terms

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OCZ Technology Group (FRA:OADA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » OCZ Technology Group Inc. (FRA:OADA) » Definitions » Total Current Liabilities
Comparable Companies
ROCO:3521 OSS SGX:C50 XKRX:033050 ROCO:8119 ROCO:8054 ROCO:5310 XKRX:089150 ROCO:6570 XPAR:GUI CCUR TPE:3057 ROCO:6680 ASX:DRO JSE:MST ROCO:6485 ROCO:6199 TPE:6117 BOM:532513 TPE:6591
Traded in Other Exchanges
N/A
Address
Website
http://www.ocztechnology.com
OCZ Technology Group, Inc., a Delaware corporation was formed in 2002. The Company is a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems. It develops flexible and customizable component solutions quickly and efficiently to meet the ever changing market needs and provide superior customer service. Historically, it mainly sold high performance memory modules to individual computing enthusiasts through catalog and online retail channels. However, SSDs have emerged as a strong market alternative to conventional disk drive technology and SSDs are rooted in much of the same basic technological concepts as its legacy memory module business. Today, as part of a diversification strategy which began in fiscal year 2009, its product mix is significantly more weighted toward the sale of SSDs and the SSD product line has become central to its business. As a result, its target customers are increasingly enterprises and original equipment manufacturers (or OEMs). It designs, develops, manufactures and distributes high performance components for computing devices and systems, including SSDs, other flash memory storage, memory modules, thermal management solutions and PSUs. Its ten largest customers are Amazon.com; ASK Corporation; BAS Group; D&H Distribution Company; Maxcom Memory GmbH; Memoryworld GmbH & Co., KG; Micro Center Corporation; Micro Peripherals LTD; NewEgg.com, operated by Magnell Associate Inc.; and SYX Distribution, Inc. The Company's business is subject to regulation by various federal and state governmental agencies.

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