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RAM Essential Services Property Fund (ASX:REP) Total Current Liabilities : A$36.75 Mil (As of Dec. 2023)


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What is RAM Essential Services Property Fund Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. RAM Essential Services Property Fund's total current liabilities for the quarter that ended in Dec. 2023 was A$36.75

RAM Essential Services Property Fund Total Current Liabilities Historical Data

The historical data trend for RAM Essential Services Property Fund'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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RAM Essential Services Property Fund Total Current Liabilities Chart

RAM Essential Services Property Fund Annual Data
Trend Jun22 Jun23
Total Current Liabilities
36.67 33.82

RAM Essential Services Property Fund Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Total Current Liabilities 38.88 36.67 36.23 33.82 36.75

RAM Essential Services Property Fund Total Current Liabilities Calculation

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

RAM Essential Services Property Fund's Total Current Liabilities for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=11.602+22.219
+Other Current Liabilities+Current Deferred Liabilities
=-1.293+1.293
=33.82

RAM Essential Services Property Fund's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=13.209+23.542
+Other Current Liabilities+Current Deferred Liabilities
=-7.105427357601E-15+0
=36.75

* 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

RAM Essential Services Property Fund Total Current Liabilities Related Terms

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RAM Essential Services Property Fund (ASX:REP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RAM Essential Services Property Fund (ASX:REP) » Definitions » Total Current Liabilities
Comparable Companies
ASX:GDC ASX:FID ASX:ENN ASX:EZL ASX:QVE ASX:WMA ASX:GVF ASX:TGF ASX:TGP ASX:WAX BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Australia Square 264 George Street, Suite 3201, Level 32, Sydney, NSW, AUS, 2000
Website
https://www.ramgroup.com
RAM Essential Services Property Fund invests in high-quality Australian medical and essential retail real estate assets, leased to essential services tenants. Its objective is to provide investors with stable and secure income with the potential for both income and capital growth through exposure to high quality, defensive portfolio of assets with favourable sector trends.

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