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Ingles Markets (Ingles Markets) Total Current Liabilities : $283 Mil (As of Dec. 2023)


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What is Ingles Markets Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Ingles Markets's total current liabilities for the quarter that ended in Dec. 2023 was $283

Ingles Markets Total Current Liabilities Historical Data

The historical data trend for Ingles Markets'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.

Ingles Markets Total Current Liabilities Chart

Ingles Markets Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 247.58 323.81 306.10 333.78 330.53

Ingles Markets 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 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 321.88 292.50 313.19 330.53 282.99

Ingles Markets Total Current Liabilities Calculation

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

Ingles Markets's Total Current Liabilities for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=289.918+25.757
+Other Current Liabilities+Current Deferred Liabilities
=14.858+0
=331

Ingles Markets'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
=237.592+25.01
+Other Current Liabilities+Current Deferred Liabilities
=20.39+0
=283

* 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

Ingles Markets Total Current Liabilities Related Terms

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Ingles Markets (Ingles Markets) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ingles Markets Inc (NAS:IMKTA) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
IN3A:Germany
Address
2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711
Website
https://www.ingles-markets.com
Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.
Executives
Sharp Laura Ingle director 2913 U.S. HWY. 70 WEST, BLACK MOUNTAIN NC 28711
Michael David Hogan officer: President of Subsidiary Milkco C/O INGLES MARKETS, INCORPORATED, P.O. BOX 6676, ASHEVILLE NC 28816
Patricia Jackson officer: CFO P.O. BOX 6676, ASHEVILLE NC 28816
James W Lanning director, officer: President, other: Profit Sharing Plan Trustee
John R Lowden director 140 GREENWICH AVE, GREENWICH CT 06830
Ernest E. Ferguson director P.O. BOX 6676, ASHEVILLE NC 28816
Fred Ayers director 2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Brenda S Tudor director, officer: VP Finance, Treasurer, CFO
L. Keith Collins director P.O. BOX 6676, ASHEVILLE NC 28816
Laura Anne Laxton Ingle 2011 Irrevocable Trust Dated September 8, 2011 10 percent owner P.O. BOX 6676, ASHEVILLE NC 28816
Robert Ingle, Sr. Administrative Trust Uta Robert Pierce Ingle Living Trust Dated December 24, 2010 10 percent owner 2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Robert P Ingle director, officer: Chairman and CEO, other: Profit Sharing Plan Trustee
Ingles Markets Inc Investment/profit Sharing Plan Trust 10 percent owner
Ronald B Freeman director, officer: Chief Financial Officer, other: Profit Sharing Plan Trustee P.O. BOX 6676, ASHEVILLE NC 28816
Ingle Robert P Ii director, officer: VP - Operations PO BOX 6676, ASHEVILLE NC 28816

Ingles Markets (Ingles Markets) Headlines

From GuruFocus

Director Sharp Ingle Sells 2000 Shares of Ingles Markets Inc

By GuruFocus Research • 09-22-2023

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By Business Wire • 11-29-2023

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By GuruFocus Research • 09-28-2023

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By GuruFocusNews GuruFocusNews • 05-16-2022

Director Sharp Ingle Sells 4,000 Shares of Ingles Markets Inc (IMKTA)

By GuruFocus Research • 09-26-2023

Director Sharp Ingle Sells 2000 Shares of Ingles Markets Inc (IMKTA)

By GuruFocus Research • 09-29-2023

All Fit Soda� SKU's Approved for Placement at Ingles Markets

By GuruFocusNews GuruFocusNews • 05-26-2022

Ingles Markets, Incorporated Declares Quarterly Cash Dividend

By Business Wire • 06-26-2023

Ingles Markets Inc (IMKTA) Reports Mixed Fiscal Year 2023 Results

By GuruFocus Research • 11-29-2023