Magnit PJSC (Magnit PJSC) Total Current Liabilities : $5,845.66 Mil (As of Jun. 2023)

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What is Magnit PJSC Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Magnit PJSC's total current liabilities for the quarter that ended in Jun. 2023 was $5,845.66

Magnit PJSC Total Current Liabilities Historical Data

The historical data trend for Magnit PJSC'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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Magnit PJSC Total Current Liabilities Chart

Magnit PJSC Annual Data

Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22

Total Current Liabilities

Get a 7-Day Free Trial 3,851.77 4,847.40 3,814.62 5,618.49 8,546.13

Magnit PJSC Semi-Annual Data

Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23

Total Current Liabilities Get a 7-Day Free Trial 3,983.27 5,618.49 7,731.55 8,546.13 5,845.66

Magnit PJSC Total Current Liabilities Calculation

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

Magnit PJSC's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

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

= 4029.898 + 3403.678

+ Other Current Liabilities + Current Deferred Liabilities

= 1112.551 + 0

= 8,546.13

Magnit PJSC's Total Current Liabilities for the quarter that ended in Jun. 2023 is calculated as

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

= 2649.743 + 2404.381

+ Other Current Liabilities + Current Deferred Liabilities

= 791.536 + 0

= 5,845.66

* 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

Magnit PJSC Total Current Liabilities Related Terms
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Magnit PJSC (Magnit PJSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (GREY:MGJCL) » Definitions » Total Current Liabilities

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Traded in Other Exchanges

MGNT:Russia

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.

Magnit PJSC (Magnit PJSC) Headlines

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Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Current Liabilities	Get a 7-Day Free Trial															3,983.27	5,618.49	7,731.55	8,546.13	5,845.66

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	4029.898	+	3403.678
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	1112.551	+	0
	=	8,546.13