GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Corp Group Ltd (OTCPK:CCGFF) » Definitions » Total Current Liabilities

CCGFF (Credit Group) Total Current Liabilities : $52.0 Mil (As of Dec. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Credit Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Credit Group's total current liabilities for the quarter that ended in Dec. 2024 was $52.0

Credit Group Total Current Liabilities Historical Data

The historical data trend for Credit Group'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.

Credit Group Total Current Liabilities Chart

Credit Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.91 56.22 46.40 56.57 52.90

Credit Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.94 56.57 50.87 52.90 51.95

Credit Group Total Current Liabilities Calculation

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

Credit Group'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
=14.934+3.51
+Other Current Liabilities+Current Deferred Liabilities
=11.554+22.9
=52.9

Credit Group'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
=15.837+3.479
+Other Current Liabilities+Current Deferred Liabilities
=11.314+21.324
=52.0

* 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

Credit Group Total Current Liabilities Related Terms

Thank you for viewing the detailed overview of Credit Group's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

Credit Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Corp Group Ltd (OTCPK:CCGFF) » Definitions » Total Current Liabilities
Comparable Companies
ASX:LFG ASX:PPM ASX:LFS ASX:OBL ASX:SVR ASX:HUM ASX:PLT ASX:MME ASX:FSA ASX:PNC V MA AXP COF BOM:500034 PYPL DFS BOM:543257 SYF BOM:532810
Traded in Other Exchanges
2RC:Germany CCP:Australia
Address
201 Kent Street, Level 15, Sydney, NSW, AUS, 2000
Website
https://www.creditcorp.com.au
Credit Corp operates in the distressed consumer debt market. In its core business, it acquires purchased debt ledgers, or PDLs, in Australia and is expanding this business globally by buying PDLs in the United States. These PDLs consist of unsecured debt that are at least six months in arrears and have already been through a collection process. Since 2012, Credit Corp also diversified its business into providing consumer credit to customers who are unable to gain access to credit from primary sources such as banks because of a poor credit history. Its consumer credit business is gaining scale but is also subject to increased regulatory scrutiny.