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Borouge (ADX:BOROUGE) Total Current Liabilities : د.إ5,940 Mil (As of Mar. 2024)


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What is Borouge Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Borouge's total current liabilities for the quarter that ended in Mar. 2024 was د.إ5,940

Borouge Total Current Liabilities Historical Data

The historical data trend for Borouge'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.

Borouge Total Current Liabilities Chart

Borouge Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
- 3,776.38 3,307.65

Borouge Quarterly Data
Mar21 Dec21 Mar22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only 3,498.44 2,982.77 3,534.09 3,307.65 5,939.87

Borouge Total Current Liabilities Calculation

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

Borouge's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2440.736+30.585
+Other Current Liabilities+Current Deferred Liabilities
=836.327+0
=3,308

Borouge's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=5905.053+30.831
+Other Current Liabilities+Current Deferred Liabilities
=3.9859999999999+0
=5,940

* 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

Borouge Total Current Liabilities Related Terms

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Borouge (ADX:BOROUGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Total Current Liabilities
Comparable Companies
SZSE:300539 SZSE:301040 SZSE:301022 SHSE:600058 SZSE:301180 SZSE:002295 SZSE:300885 SZSE:300968 SZSE:301326 SHSE:603159 LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE
Website
https://www.borouge.com
Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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