Speedway Motorsports (Speedway Motorsports) Total Current Liabilities : $99.4 Mil (As of Jun. 2019)

Speedway Motorsports Total Current Liabilities Chart

Speedway Motorsports Annual Data
	Trend	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18
Total Current Liabilities		Get a 7-Day Free Trial					105.63	108.37	94.67	96.24	71.00

Speedway Motorsports Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Total Current Liabilities	Get a 7-Day Free Trial															104.36	78.70	71.00	99.56	99.35

Speedway Motorsports Total Current Liabilities Calculation

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

Speedway Motorsports's Total Current Liabilities for the fiscal year that ended in Dec. 2018 is calculated as

Speedway Motorsports's Total Current Liabilities for the quarter that ended in Jun. 2019 is calculated as

* 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

Speedway Motorsports Total Current Liabilities Related Terms

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

Speedway Motorsports (Speedway Motorsports) Business Description