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Petro Welt Technologies AG (STU:O2C) Total Current Liabilities : €6.40 Mil (As of Jun. 2023)


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Petro Welt Technologies AG Total Current Liabilities Definition

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Petro Welt Technologies AG's total current liabilities for the quarter that ended in Jun. 2023 was €6.40

Petro Welt Technologies AG Total Current Liabilities Historical Data

The historical data trend for Petro Welt Technologies AG'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.

Petro Welt Technologies AG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.82 73.23 53.27 65.53 7.28

Petro Welt Technologies AG Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
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 62.72 86.87 7.28 5.79 6.40

Petro Welt Technologies AG Total Current Liabilities Calculation

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

Petro Welt Technologies AG'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
=3.726+0.056
+Other Current Liabilities+Current Deferred Liabilities
=3.501+0
=7.28

Petro Welt Technologies AG'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
=2.511+0.093
+Other Current Liabilities+Current Deferred Liabilities
=3.792+0
=6.40

* 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

Petro Welt Technologies AG Total Current Liabilities Related Terms

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Petro Welt Technologies AG (STU:O2C) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Welt Technologies AG (STU:O2C) » Definitions » Total Current Liabilities
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XTER:SUR XTER:STO3 XTER:M4N HAM:NST XTER:UUU SLB BKR HAL MIL:TEN SHSE:601808 FTI NOV CHX ASX:WOR WFRD VAL XPAR:GTT SHSE:600968 XPAR:TE SZSE:002353
Traded in Other Exchanges
N/A
Address
Karntner Ring 11-13, Vienna, AUT, 1010
Website
https://www.pewete.com
Petro Welt Technologies AG is a service provider of oilfield services in Russia & Kazakhstan. The operating segment of the company is Well Services & Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM), and Proppant Manufacturing. The Well Services & Stimulation segment comprises hydraulic fracturing, cementing, & coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, & IPM segment encompasses conventional drilling, sidetrack drilling, & IPM. The Proppant Manufacturing segment offers goods for the oil & natural gas industry & manufactures different kinds of Proppant in Kopeysk, Russia. The majority is from the Well Services and Stimulation segment. Geographically, key revenue is from Russia.

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