GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mayville Engineering Co Inc (NYSE:MEC) » Definitions » Total Current Liabilities

Mayville Engineering Co (Mayville Engineering Co) Total Current Liabilities : $71.7 Mil (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Mayville Engineering Co Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Mayville Engineering Co's total current liabilities for the quarter that ended in Dec. 2023 was $71.7

Mayville Engineering Co Total Current Liabilities Historical Data

The historical data trend for Mayville Engineering Co'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.

Mayville Engineering Co Total Current Liabilities Chart

Mayville Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 48.19 52.74 77.37 102.45 71.71

Mayville Engineering Co 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 102.45 96.17 78.71 81.46 71.71

Mayville Engineering Co Total Current Liabilities Calculation

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

Mayville Engineering Co's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=52.894+5.064
+Other Current Liabilities+Current Deferred Liabilities
=13.462+0.289
=71.7

Mayville Engineering Co'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
=52.894+5.064
+Other Current Liabilities+Current Deferred Liabilities
=13.462+0.289
=71.7

* 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

Mayville Engineering Co Total Current Liabilities Related Terms

Thank you for viewing the detailed overview of Mayville Engineering Co's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

Mayville Engineering Co (Mayville Engineering Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mayville Engineering Co Inc (NYSE:MEC) » Definitions » Total Current Liabilities
Comparable Companies
NWPX TG CMPO GIFI TPCS AP LQMT HIHO SGBX IIIN ATI MLI XTER:TKA SHSE:688122 TPE:2474 ESAB SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
2YN:Germany
Address
715 South Street, Mayville, WI, USA, 53050
Website
https://www.mecinc.com
Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.
Executives
Steven L Fisher director 100 N.E. ADAMS STREET, PEORIA IL 61629
Jagadeesh A Reddy director, officer: President & CEO 715 SOUTH STREET, MAYVILLE WI 53050
Allen J Carlson director 1500 WEST UNIVERSITY PARKWAY, SARASOTA FL 34243
Robert L Mccormick director C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Timothy L Christen director, other: Chair of the Board 715 SOUTH STREET, MAYVILLE WI 53050
Jennifer J. Kent director QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995
Jay O. Rothman director C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Patrick D Michels director 715 SOUTH STREET, MAYVILLE WI 53050
Rachele Marie Lehr officer: Chief Human Resources Officer 12301 W WIRTH ST, WAUWATOSA WI 53222
Sean P Leuba officer: SVP, Corp. Development & GC 715 SOUTH STREET, MAYVILLE WI 53050
Todd M Butz officer: Chief Financial Officer 715 SOUTH STREET, MAYVILLE WI 53050
Robert D Kamphuis director, officer: Chairman, Pres. & CEO 715 SOUTH STREET, MAYVILLE WI 53050
Craig E Johnson director 715 SOUTH STREET, MAYVILLE WI 53050
Eric J Welak officer: EVP - Fabrication 715 SOUTH STREET, MAYVILLE WI 53050
St. Peter John A director 715 SOUTH STREET, MAYVILLE WI 53050