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HP Inc  (NYSE:HPQ) Total Current Liabilities: \$22,060 Mil (As of Jul. 2017)

Total current liabilities includes Accounts Payable & Accrued Expense, Current Portion of Long-Term Debt, Other Current Liabilities, and Current Deferred Liabilities. HP Inc's total current liabilities for the quarter that ended in Jul. 2017 was \$22,060

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

HP Inc Annual Data

 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Total Current Liabilities 46,666.00 45,521.00 43,735.00 42,191.00 18,808.00

HP Inc Quarterly Data

 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Total Current Liabilities 18,114.00 18,808.00 18,587.00 18,604.00 22,060.00

Calculation

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

HP Inc's Total Current Liabilities for the fiscal year that ended in Oct. 2016 is calculated as

 Total Current Liabilities = Accounts Payable & Accrued Expense + Current Portion of Long-Term Debt = 17811 + 78 + Other Current Liabilities + Current Deferred Liabilities = 0 + 919 = 18,808

HP Inc's Total Current Liabilities for the quarter that ended in Jul. 2017 is calculated as

 Total Current Liabilities = Accounts Payable & Accrued Expense + Current Portion of Long-Term Debt = 20001 + 1062 + Other Current Liabilities + Current Deferred Liabilities = 0 + 997 = 22,060

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Working Capital and the Current Ratio. 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.

Total Current Liabilities is also linked to Working Capital, 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

Related Terms