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Summit Materials (Summit Materials) Total Current Liabilities : $522 Mil (As of Mar. 2024)


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What is Summit Materials Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Summit Materials's total current liabilities for the quarter that ended in Mar. 2024 was $522

Summit Materials Total Current Liabilities Historical Data

The historical data trend for Summit Materials'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.

Summit Materials Total Current Liabilities Chart

Summit Materials 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 299.30 322.69 309.07 255.85 322.97

Summit Materials 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 260.53 346.98 348.88 322.97 522.01

Summit Materials Total Current Liabilities Calculation

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

Summit Materials'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
=285.389+16.438
+Other Current Liabilities+Current Deferred Liabilities
=7.007+14.131
=323

Summit Materials'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
=470.723+29.018
+Other Current Liabilities+Current Deferred Liabilities
=8.9930000000001+13.274
=522

* 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

Summit Materials Total Current Liabilities Related Terms

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Summit Materials (Summit Materials) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Summit Materials Inc (NYSE:SUM) » Definitions » Total Current Liabilities
Comparable Companies
BCC KNF EXP TGLS USLM SMID BASA RETO CAPS CRH XSWX:HOLN NSE:ULTRACEMCO VMC MLM SHSE:600585 XKRX:003670 NSE:GRASIM XTER:HEI BOM:500387 ASX:JHX
Traded in Other Exchanges
7SU:Germany 7SU:Germany
Address
1801 California Street, Suite 3500, Denver, CO, USA, 80202
Website
https://www.summit-materials.com
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.
Executives
Craig Scott Anderson officer: EVP & Chief Financial Officer 1801 CALIFORNIA STREET, SUITE 3500, DENVER CO 80202
Christopher Burke Gaskill officer: See Remarks C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 08202
Kekin Ghelani officer: Chief Strategy&Growth Officer 1550 WYNKOOP, DENVER CO 80202
Anne K. Wade director C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
John Raymond Murphy director 233 S PATTERSON AVE, SPRINGFIELD MO 65802
Anne P Noonan director, officer: President & CEO 25435 HARVARD RD, BEACHWOOD OH 44122
Tamla Oates-forney director 800 CAPITOL STREET 3000, HOUSTON TX 77002
Deon Macmillan officer: See Remarks C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 08202
Karli S. Anderson officer: See Remarks 1660 WYNKOOP STREET, SUITE 1000, DENVER CO 80202
Howard L Lance director C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Joseph S Cantie director C/O DELPHI AUTOMOTIVE, 5725 DELPHI DRIVE, TROY MI 48098
Anne Lee Benedict officer: See Remarks C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Brian James Harris officer: EVP & Chief Financial Officer C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Mikel Shane Evans officer: See Remarks C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Longleaf Partners Funds Trust 10 percent owner C/O SOUTHEASTERN ASSET MANAGEMENT, 6410 POPLAR AVE, SUITE 900, MEMPHIS TN 38119

Summit Materials (Summit Materials) Headlines

From GuruFocus

SUMMIT MATERIALS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Summit Materials, Inc. - SUM

By Business Wire • 12-15-2023

SUMMIT MATERIALS ANNOUNCES INTENTION TO OFFER $800 MILLION OF SENIOR NOTES

By PRNewswire • 11-27-2023

Unveiling Summit Materials (SUM)'s Value: Is It Really Priced Right? A Comprehensive Guide

By GuruFocus Research • 09-07-2023

Summit Materials Announces Expiration of Hart-Scott-Rodino Act Waiting Period for Pending Transaction with Cementos Argos

By PRNewswire • 10-24-2023

Summit Materials Continental Cement Company Successfully Concludes Negotiations of New Collective Bargaining Agreement with Union Employees at its Hannibal Plant

By Business Wire Business Wire • 03-02-2023

Summit Materials Announces Second Quarter 2023 Results Conference Call Date

By PRNewswire • 07-13-2023

Summit Materials' Continental Cement Signs Memorandum of Understanding with PCC Hydrogen to Explore Collaborative Opportunities to Lower Carbon Emissions

By PRNewswire • 10-23-2023

Unveiling Summit Materials (SUM)'s Value: Is It Really Priced Right? A Comprehensive Guide

By GuruFocus Research • 10-19-2023

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Summit Materials Shareholders Vote "FOR" Pending Transaction with Cementos Argos

By PRNewswire • 01-03-2024

SUM Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Summit Materials, Inc. Is Fair to Shareholders

By Business Wire • 09-07-2023