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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. EnLink Midstream LLC's total current liabilities for the quarter that ended in Dec. 2023 was $994
The historical data trend for EnLink Midstream LLC'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.
EnLink Midstream LLC Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 647.10 | 888.00 | 898.90 | 875.40 | 993.60 |
EnLink Midstream LLC Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Current Liabilities | Get a 7-Day Free Trial | 875.40 | 708.40 | 801.70 | 967.90 | 993.60 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
EnLink Midstream LLC'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 |
= | 760.5 | + | 126.1 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 107 | + | 0 | |
= | 994 |
EnLink Midstream LLC's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 760.5 | + | 126.1 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 107 | + | 0 | |
= | 994 |
* 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
Thank you for viewing the detailed overview of EnLink Midstream LLC's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Adam S Forman | officer: EVP and General Counsel | 1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002 |
Dilanka Seimon | officer: EVP and CCO | 1722 ROUTH STREET, DALLAS TX 75201 |
Alaina K Brooks | officer: SVP, General Counsel | 2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201 |
Jan Philipp Rossbach | officer: VP & Chief Accounting Officer | 1722 ROUTH STREET, SUITE 1300, DALLAS TX 75201 |
Benjamin D Lamb | officer: SVP-Finance & Corporate Dev. | 2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201 |
Walter Pinto | officer: EVP and COO | 1722 ROUTH STREET, DALLAS TX 75201 |
Kyle D Vann | director | 11 HEPPLEWHITE WAY, THE WOODLANDS TX 77382 |
Jesse Arenivas | director, officer: Chief Executive Officer | 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002 |
Benjamin M Daniel | director | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Tiffany Thom Cepak | director | C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Wsip Egypt Holdings, Lp | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Richard P Schifter | director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Scott E Telesz | director | 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113 |
Pablo G. Mercado, | officer: EVP and CFO | 920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024 |
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