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United Malt Group (ASX:UMG) Total Current Liabilities : A$545 Mil (As of Mar. 2023)


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What is United Malt 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. United Malt Group's total current liabilities for the quarter that ended in Mar. 2023 was A$545

United Malt Group Total Current Liabilities Historical Data

The historical data trend for United Malt 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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United Malt Group Total Current Liabilities Chart

United Malt Group Annual Data
Trend Sep19 Sep20 Sep21 Sep22
Total Current Liabilities
338.50 316.60 376.60 565.20

United Malt Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
Total Current Liabilities Get a 7-Day Free Trial 304.10 376.60 359.10 565.20 544.90

United Malt 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.

United Malt Group's Total Current Liabilities for the fiscal year that ended in Sep. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=298.6+233.5
+Other Current Liabilities+Current Deferred Liabilities
=32.9+0.2
=565

United Malt Group's Total Current Liabilities for the quarter that ended in Mar. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=152.7+365.5
+Other Current Liabilities+Current Deferred Liabilities
=26.2+0.5
=545

* 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

United Malt Group Total Current Liabilities Related Terms

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United Malt Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Malt Group Ltd (ASX:UMG) » Definitions » Total Current Liabilities
Comparable Companies
ASX:GDA ASX:TSI ASX:MCL XBRU:ABI XAMS:HEIA BSP:ABEV3 HKSE:01876 XAMS:HEIO TSE:2502 HKSE:00291 OCSE:CARL B SHSE:600600 TSX:TPX.B TAP TSE:2503 XZIM:DLTA.ZW SHSE:605499 TSE:2587 SHSE:600132 BOM:532478
Traded in Other Exchanges
N/A
Address
18110 SE 34th Street, Suite 240, Vancouver, WA, USA, 98683
Website
https://www.unitedmalt.com
United Malt processes grains into malt, primarily for brewing into beer. The company is the fourth largest global malt processor and works with some of the world's largest breweries and distillers as well as fast growing craft producers. The business has capacity to process about 1.25 million metric tons of malt annually, primarily housed in the U.S. and Canada, serving the North American beer market, with additional facilities in Australia (serving both domestic brewing and exports to Asia) and the U.K. (selling to Scotch whisky distillers).

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