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ERG SPA (MIL:ERG) Total Current Liabilities : €6.0 Mil (As of Mar. 2024)


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What is ERG SPA Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. ERG SPA's total current liabilities for the quarter that ended in Mar. 2024 was €6.0

ERG SPA Total Current Liabilities Historical Data

The historical data trend for ERG SPA'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.

ERG SPA Total Current Liabilities Chart

ERG SPA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 308.25 335.84 1,894.68 809.41 413.45

ERG SPA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 180.00 405.03 857.00 413.45 6.00

ERG SPA Total Current Liabilities Calculation

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

ERG SPA's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=165.476+170.332
+Other Current Liabilities+Current Deferred Liabilities
=77.643+0
=413.5

ERG SPA'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
=0+6
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=6.0

* 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

ERG SPA Total Current Liabilities Related Terms

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ERG SPA (MIL:ERG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ERG SPA (MIL:ERG) » Definitions » Total Current Liabilities
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MIL:ARIS MIL:ARN MIL:SERI MIL:IB MIL:FRE ISX:BREN CEG GEV BOM:541450 WBO:VER OCSE:ORSTED SHSE:600025 XPRA:CEZ SHSE:600905 SHSE:600886 XLIS:EDPR BSP:ELET3 SZSE:001289 TSE:9503 OHEL:FORTUM
Traded in Other Exchanges
ERGm:UK 0MHC:UK
Address
Via De Marini, 1, Torre WTC, Genoa, ITA, 16149
Website
https://www.erg.eu
ERG SPA produces electricity from clean, renewable, and sustainable sources. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew that focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Natural gas production contributes the most revenue for ERG, and is churned out from a cogeneration plant that produces electricity and steam. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.

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