0(0%) Volume: 4,184,636 3:15AM EDT| Market Cap : 33.31 B | Enterprise Value : 47.67 B | P/E (TTM) : 19.02 | P/B : 4.64 |
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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. General Mills's total current liabilities for the quarter that ended in May. 2019 was USD 7,087
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| General Mills Quarterly Data | ||||||||||||||||||||
| Aug14 | Nov14 | Feb15 | May15 | Aug15 | Nov15 | Feb16 | May16 | Aug16 | Nov16 | Feb17 | May17 | Aug17 | Nov17 | Feb18 | May18 | Aug18 | Nov18 | Feb19 | May19 | |
| Total Current Liabilities |
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7,341.90 | 7,187.80 | 7,298.10 | 7,516.60 | 7,087.10 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
General Mills's Total Current Liabilities for the fiscal year that ended in May. 2019 is calculated as
| Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
| = | 3846.5 | + | 2865.2 | |
| + | Other Current Liabilities | + | Current Deferred Liabilities | |
| = | 375.4 | + | 0 | |
| = | 7,087 |
General Mills's Total Current Liabilities for the quarter that ended in May. 2019 is calculated as
| Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
| = | 3846.5 | + | 2865.2 | |
| + | Other Current Liabilities | + | Current Deferred Liabilities | |
| = | 375.4 | + | 0 | |
| = | 7,087 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Working Capital and the Current Ratio. 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.
Total Current Liabilities is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.
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
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