Victrex (LSE:VCT) Total Current Liabilities

: £45.7 Mil (As of Sep. 2023)

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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. Victrex's total current liabilities for the quarter that ended in Sep. 2023 was £45.7

Victrex Total Current Liabilities Historical Data

The historical data trend for Victrex'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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Victrex Annual Data

Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23

Total Current Liabilities

53.00 38.00 56.00 84.60 45.70

Victrex Semi-Annual Data

Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23

Total Current Liabilities 56.00 57.60 84.60 66.30 45.70

Victrex Total Current Liabilities Calculation

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

Victrex'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

= 14.9 + 6.8

+ Other Current Liabilities + Current Deferred Liabilities

= 24 + 0

= 45.7

Victrex's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 14.9 + 6.8

+ Other Current Liabilities + Current Deferred Liabilities

= 24 + 0

= 45.7

* 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

Victrex Total Current Liabilities Related Terms
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Victrex (LSE:VCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Victrex PLC (LSE:VCT) » Definitions » Total Current Liabilities

Comparable Companies

LSE:ELM LSE:ESNT LSE:SYNT LSE:TET LSE:ZTF LSE:IOF LSE:ITX LSE:DCTA LSE:HAYD LSE:HDD LIN XPAR:AI SHW ECL APD XSWX:SIKA XSWX:GIVN SHSE:600309 PPG LYB

Traded in Other Exchanges

VTXPF:USA VCTl:UK 1OY:Germany

Address

Victrex Technology Centre, Hillhouse International, Thornton Cleveleys, Lancashire, GBR, FY5 4QD

Website

https://www.victrexplc.com

Victrex is a British specialty chemicals company whose business is based predominantly on manufacturing and creating solutions using polyetheretherketone, or PEEK, an ultra-high-performance lightweight plastic. Around 40% of sales are generated in Europe, with Asia and the Americas contributing 30% each. The business has two segments. The industrial segment targets transportation, energy, electronics, and manufacturing, while the medical segment provides healthcare solutions for the implantable device markets.

Victrex (LSE:VCT) Headlines

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Victrex Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Current Liabilities																56.00	57.60	84.60	66.30	45.70

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	14.9	+	6.8
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	24	+	0
	=	45.7