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Close The Loop (ASX:CLG) Total Current Liabilities : A$47.0 Mil (As of Dec. 2024)


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What is Close The Loop Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Close The Loop's total current liabilities for the quarter that ended in Dec. 2024 was A$47.0

Close The Loop Total Current Liabilities Historical Data

The historical data trend for Close The Loop'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.

Close The Loop Total Current Liabilities Chart

Close The Loop Annual Data
Trend Jun22 Jun23 Jun24
Total Current Liabilities
21.33 53.82 45.53

Close The Loop Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Total Current Liabilities Get a 7-Day Free Trial 27.77 53.82 61.45 45.53 47.00

Close The Loop Total Current Liabilities Calculation

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

Close The Loop's Total Current Liabilities for the fiscal year that ended in Jun. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=20.901+18.065
+Other Current Liabilities+Current Deferred Liabilities
=4.794+1.767
=45.5

Close The Loop's Total Current Liabilities for the quarter that ended in Dec. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=20.891+21.047
+Other Current Liabilities+Current Deferred Liabilities
=5.788+-0.731
=47.0

* 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

Close The Loop Total Current Liabilities Related Terms

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Close The Loop Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Total Current Liabilities
Comparable Companies
ASX:LIT ASX:NMT WM RSG WCN XPAR:VIE GFL CLH CWST XMAD:FCC SZSE:300779 BSP:AMBP3 SHSE:603568 SZSE:002340 OSL:TOM ASX:CWY XBRU:UMI HKSE:00257 TSX:SES SZSE:300070
Traded in Other Exchanges
N/A
Address
43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167
Website
https://www.ctlgroup.com.au
Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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