Ocean Rig UDW (Ocean Rig UDW) Total Current Liabilities : $60.0 Mil (As of Sep. 2018)

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What is Ocean Rig UDW Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Ocean Rig UDW's total current liabilities for the quarter that ended in Sep. 2018 was $60.0

Ocean Rig UDW Total Current Liabilities Historical Data

The historical data trend for Ocean Rig UDW'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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Ocean Rig UDW Total Current Liabilities Chart

Ocean Rig UDW Annual Data

Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17

Total Current Liabilities

Get a 7-Day Free Trial 543.65 417.69 401.46 812.01 184.04

Ocean Rig UDW Quarterly Data

Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18

Total Current Liabilities Get a 7-Day Free Trial 194.78 184.04 133.50 74.72 59.97

Ocean Rig UDW Total Current Liabilities Calculation

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

Ocean Rig UDW's Total Current Liabilities for the fiscal year that ended in Dec. 2017 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 87.082 + 81.632

+ Other Current Liabilities + Current Deferred Liabilities

= 0 + 15.329

= 184.0

Ocean Rig UDW's Total Current Liabilities for the quarter that ended in Sep. 2018 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 54.744 + 0

+ Other Current Liabilities + Current Deferred Liabilities

= -7.105427357601E-15 + 5.23

= 60.0

* 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

Ocean Rig UDW Total Current Liabilities Related Terms
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Ocean Rig UDW (Ocean Rig UDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ocean Rig UDW Inc (NAS:ORIG) » Definitions » Total Current Liabilities

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Traded in Other Exchanges

N/A

Address

Website

http://www.ocean-rig.com

Ocean Rig UDW Inc is an international offshore drilling contractor. It provides oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company employs drilling units primarily on a day rate basis for periods of between two months and six years to drill wells for its customers, typically major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies.

Ocean Rig UDW (Ocean Rig UDW) Headlines

From GuruFocus

Ocean Rig UDW Inc. Announces Agreement to Postpone Delivery of Newbuilding Drillship Ocean Rig Crete
By Marketwired Marketwired • 06-29-2018

Remain Cautious On Ocean Rig
By Faisal Humayun Faisal Humayun • 04-16-2015

Ocean Rig UDW Inc. Announces Date of Extraordinary General Meeting to Approve Merger With Transocean Ltd.
By Marketwired Marketwired • 10-09-2018

Strong Results Makes Ocean Rig Attractive
By Faisal Humayun Faisal Humayun • 11-10-2014

Ocean Rig: Expect Upside After Results And New Contract
By Faisal Humayun Faisal Humayun • 05-19-2015

Bullish Developments Continue For Ocean Rig
By Faisal Humayun Faisal Humayun • 06-30-2014

Ocean Rig UDW Inc. Announces Withdrawal of Offering of Common Shares by its Subsidiary
By Marketwired Marketwired • 06-09-2018

Third Avenue Management Comments on Ocean Rig UDW
By Holly LaFon Holly LaFon • 11-01-2018

Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd.
By Marketwired Marketwired • 11-30-2018

Ocean Rig UDW Inc. Announces Master Service Agreement and Drilling Program Order for the Leiv Eiriksson
By Marketwired Marketwired • 05-28-2018

Ocean Rig UDW Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Current Liabilities	Get a 7-Day Free Trial															194.78	184.04	133.50	74.72	59.97

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	87.082	+	81.632
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	0	+	15.329
	=	184.0