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Myers Industries (Myers Industries) Total Current Liabilities : $165.1 Mil (As of Dec. 2023)


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What is Myers Industries Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Myers Industries's total current liabilities for the quarter that ended in Dec. 2023 was $165.1

Myers Industries Total Current Liabilities Historical Data

The historical data trend for Myers Industries'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.

Myers Industries Total Current Liabilities Chart

Myers Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.63 142.25 132.50 137.76 165.11

Myers Industries 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 137.76 175.21 164.31 163.88 165.11

Myers Industries Total Current Liabilities Calculation

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

Myers Industries'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
=100.806+32.534
+Other Current Liabilities+Current Deferred Liabilities
=25.309+6.458
=165.1

Myers Industries'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
=100.806+32.534
+Other Current Liabilities+Current Deferred Liabilities
=25.309+6.458
=165.1

* 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

Myers Industries Total Current Liabilities Related Terms

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Myers Industries (Myers Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Myers Industries Inc (NYSE:MYE) » Definitions » Total Current Liabilities
Comparable Companies
PACK TRS KRT VKSC YHGJ MGIH DSS OCTO AMBP OI BALL AVY PKG AMCR IP WRK DUB:SK3 CCK TSX:CCL.A GPK
Traded in Other Exchanges
MJF:Germany
Address
1293 South Main Street, Akron, OH, USA, 44301
Website
https://www.myersindustries.com
Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.
Executives
Yvette Dapremont Bright director 739 WESTVIEW STREET, PHILADELPHIA PA 19119
Michael P. Mcgaugh director, officer: President and CEO 1293 SOUTH MAIN STREET, AKRON OH 44301
Fitz E Grant officer: EVP & CFO C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Lori A. Lutey director 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Jeffrey Kramer director C/O SCHWEITZER-MAUDUIT INTERNT'L, INC., SUITE 600, ALPHARETTA GA 30022
Liebau Frederic Jack Jr director P.O. BOX 2200, PASADENA CA 91102-2200
William A Foley director P O BOX 10060, TOLEDO OH 436990060
Monica P. Vinay officer: Interim CFO, VP and Treasurer 1293 SOUTH MAIN STREET, AKRON OH 44301
Bruce M Lisman director C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Ronald M Defeo director 600 GRANT STREET, SUITE 5100, PITTSBURGH PA 15219
Jim Gurnee officer: VP Sales/Marketing/Commercial 1293 S MAIN ST, AKRON OH 44301
Paul Allan Johnson officer: VP, Distribution Segment 1293 SOUTH MAIN STREET, AKRON OH 44301
Jeffrey Jon Baker officer: VP, Shared Services 1293 SOUTH MAIN STREET, AKRON OH 44301
Sarah R Coffin director 31515 BALLANTYNE CORP, C/O SPX CORP, CHARLOTTE NC 28277
Sonal P. Robinson officer: EVP, Finance 1293 SOUTH MAIN STREET, AKRON OH 44301