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Electro Rent Corp  (NAS:ELRC) Total Liabilities: \$62.1 Mil (As of Feb. 2016)

Electro Rent Corp's total liabilities for the quarter that ended in Feb. 2016 was \$62.1 Mil.

Electro Rent Corp's quarterly total liabilities declined from Aug. 2015 (\$65.19 Mil) to Nov. 2015 (\$58.12 Mil) but then increased from Nov. 2015 (\$58.12 Mil) to Feb. 2016 (\$62.07 Mil).

Electro Rent Corp's annual total liabilities declined from May. 2013 (\$90.38 Mil) to May. 2014 (\$71.10 Mil) but then increased from May. 2014 (\$71.10 Mil) to May. 2015 (\$72.34 Mil).

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Electro Rent Corp Annual Data

 May06 May07 May08 May09 May10 May11 May12 May13 May14 May15 Total Liabilities 65.55 81.70 90.38 71.10 72.34

Electro Rent Corp Quarterly Data

 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 Total Liabilities 72.61 72.34 65.19 58.12 62.07

Calculation

Total liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Electro Rent Corp's Total Liabilities for the fiscal year that ended in May. 2015 is calculated as

 Total Liabilities = Total Current Liabilities + Total Long Term Liabilities = Total Current Liabilities + (Long-Term Debt & Capital Lease Obligation + Other Long Term Assets = 72.336 + (0 + 0 + NonCurrentDeferredLiabilities + PensionAndRetirementBenefit + Minority Interest) + 0 + 0 + 0) = 72.3

 Total Liabilities = Total Assets (A: May. 2015 ) - Total Equity (A: May. 2015 ) = 300.314 - 227.978 = 72.3

Electro Rent Corp's Total Liabilities for the quarter that ended in Feb. 2016 is calculated as

 Total Liabilities = Total Current Liabilities + (Total Long Term Liabilities) = Total Current Liabilities + (Long-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation = 62.07 + (0 + 0 + NonCurrentDeferredLiabilities + PensionAndRetirementBenefit + Minority Interest) + 0 + 0 + 0) = 62.1

 Total Liabilities = Total Assets (Q: Feb. 2016 ) - Total Equity (Q: Feb. 2016 ) = 287.169 - 225.099 = 62.1

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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