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E Automotive (TSX:EINC) Total Current Liabilities : C$128.6 Mil (As of Mar. 2023)


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What is E Automotive Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. E Automotive's total current liabilities for the quarter that ended in Mar. 2023 was C$128.6

E Automotive Total Current Liabilities Historical Data

The historical data trend for E Automotive'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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E Automotive Total Current Liabilities Chart

E Automotive Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Total Current Liabilities
- 10.73 16.15 84.18 73.46

E Automotive Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 130.16 115.50 111.49 73.46 128.59

E Automotive Total Current Liabilities Calculation

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

E Automotive'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
=62.869+5.132
+Other Current Liabilities+Current Deferred Liabilities
=5.463+0
=73.5

E Automotive's Total Current Liabilities for the quarter that ended in Mar. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=113.137+5.561
+Other Current Liabilities+Current Deferred Liabilities
=9.893+0
=128.6

* 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

E Automotive Total Current Liabilities Related Terms

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E Automotive (TSX:EINC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » E Automotive Inc (TSX:EINC) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
EICCF:USA
Address
10 Lower Spadina Avenue, Suite 400 and Suite 500, Toronto, ON, CAN, M5V 2Z2
Website
https://www.e.inc
E Automotive Inc is engaged in providing digital automotive dealer solutions. Its digital car auction platform focuses on providing a marketplace that enables automotive dealers to transact with each other more effectively. It operates in a single segment, which is marketplace services, inventory retailing software, and digital advertisement. Revenue is generated in the form of Auction fees, Ancillary services, Subscription fees, and Advertising. The company's geographical segments are Canada and the United States, of which the majority of its revenue comes from Canada.

E Automotive (TSX:EINC) Headlines