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Sothebys (Sothebys) Total Current Liabilities : $1,159 Mil (As of Jun. 2019)


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What is Sothebys Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Sothebys's total current liabilities for the quarter that ended in Jun. 2019 was $1,159

Sothebys Total Current Liabilities Historical Data

The historical data trend for Sothebys'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.

Sothebys Total Current Liabilities Chart

Sothebys Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,429.21 1,196.57 742.98 1,516.63 1,248.79

Sothebys Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 1,406.57 858.01 1,248.79 947.49 1,159.22

Sothebys Total Current Liabilities Calculation

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

Sothebys's Total Current Liabilities for the fiscal year that ended in Dec. 2018 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1221.922+13.604
+Other Current Liabilities+Current Deferred Liabilities
=13.263+0
=1,249

Sothebys's Total Current Liabilities for the quarter that ended in Jun. 2019 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1118.2+26.538
+Other Current Liabilities+Current Deferred Liabilities
=14.478+0
=1,159

* 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

Sothebys Total Current Liabilities Related Terms

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Sothebys (Sothebys) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sothebys (NYSE:BID) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
1334 York Avenue, New York, NY, USA, 10021
Website
https://www.sothebys.com
Sothebys is a global art business based in the United States. Its operations are organized under two segments: agency and finance. The agency business provides an auction space or private sale arrangements for sellers and buyers of fine art, decorative art, wine, jewelry and collectibles. The finance segment provides financing activities for collectors and art dealers. Sotheby's auction commissions include those paid by both buyer and seller, both of which are calculated as a percentage of the price of the property sold at auction. Sotheby's private sale commissions are part of a legally binding agreement between Sotheby's and the seller.
Executives
Jessica M Bibliowicz director NATIONAL FINANCIAL PARTNERS CORP., 340 MADISON AVENUE, 20TH FL, NEW YORK NY 10173
Dennis M Weibling director 2300 CARILLON POINT, KIRKLAND WA 98033
Jill Bright officer: EVP of HR and Administration 1334 YORK AVENUE, NEW YORK NY 10021
Michael F Goss officer: EVP, Chief Financial Officer BAIN CAPITAL PARTNERS LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Michael J Wolf director 401 CITY AVENUE, SUITE 809, BALA CYNWYD PA 19004
Smith, Jr. Thomas S. director, officer: President and CEO 2 PENN PLAZA, NEW YORK NY 10121
Kevin C. Conroy director C/O NEWELL RUBBERMAID INC., 3 GLENLAKE PKWY., ATLANTA GA 30328
Sole Domenico De director C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105
Diana L Taylor director ALLINAZ GLOBAL INVESTORS, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10106
Daniel S Loeb director, 10 percent owner, other: See Remarks THIRD POINT LLC, 390 PARK AVENUE, NEW YORK NY 10022
Third Point Llc 10 percent owner 55 HUDSON YARDS, NEW YORK NY 10001
Harry James Wilson director VISTEON CORPORATION, ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111
Patrick Drahi 10 percent owner WIESTISTRASSE 14, ZERMATT V8 3920
Kevin M Delaney officer: SVP, Corp. Controller & CAO IMAX CORPORATION, 902 BROADWAY, 20TH FLOOR, NEW YORK NY 10010-6002
Lisa Nadler officer: EVP, WW Chief HR Officer 1334 YORK AVE, NEW YORK NY 10021