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Borlease Otomotiv AS (IST:BORLS) Total Current Liabilities : ₺2,230 Mil (As of Sep. 2023)


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What is Borlease Otomotiv AS Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Borlease Otomotiv AS's total current liabilities for the quarter that ended in Sep. 2023 was ₺2,230

Borlease Otomotiv AS Total Current Liabilities Historical Data

The historical data trend for Borlease Otomotiv AS'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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Borlease Otomotiv AS Total Current Liabilities Chart

Borlease Otomotiv AS Annual Data
Trend Dec20 Dec21 Dec22
Total Current Liabilities
806.39 1,280.01 1,392.45

Borlease Otomotiv AS Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23
Total Current Liabilities Get a 7-Day Free Trial - - 1,392.45 1,679.97 2,229.88

Borlease Otomotiv AS Total Current Liabilities Calculation

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

Borlease Otomotiv AS's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=391.345+882.246
+Other Current Liabilities+Current Deferred Liabilities
=118.858+0
=1,392

Borlease Otomotiv AS's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=413.135+1556.778
+Other Current Liabilities+Current Deferred Liabilities
=259.962+0
=2,230

* 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

Borlease Otomotiv AS Total Current Liabilities Related Terms

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Borlease Otomotiv AS (IST:BORLS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Borlease Otomotiv AS (IST:BORLS) » Definitions » Total Current Liabilities
Comparable Companies
Traded in Other Exchanges
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Address
Saray Mahallesi, Dr. Adnan Büyükdeniz Cad. 2 Blok, No: 4 Ic Kap? No: 28 Umraniye, Istanbul, TUR
Website
https://www.borlease.com.tr
Borlease Otomotiv AS is a company whose main activity is is to rent all kinds of motorized and non-motorized land vehicles, whether it is owned or otherwise obtained from third parties and institutions. The Company primarily provides operational fleet rental services for all brands of passenger vehicles.

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