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Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Total Current Liabilities : ₺1,957 Mil (As of Dec. 2023)


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What is Ofis Yem Gidanayi ve Ticaret 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. Ofis Yem Gidanayi ve Ticaret AS's total current liabilities for the quarter that ended in Dec. 2023 was ₺1,957

Ofis Yem Gidanayi ve Ticaret AS Total Current Liabilities Historical Data

The historical data trend for Ofis Yem Gidanayi ve Ticaret 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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Ofis Yem Gidanayi ve Ticaret AS Total Current Liabilities Chart

Ofis Yem Gidanayi ve Ticaret AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
395.82 824.38 2,744.44 1,957.06

Ofis Yem Gidanayi ve Ticaret AS Quarterly Data
Dec20 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23
Total Current Liabilities Get a 7-Day Free Trial - 2,744.44 2,011.00 1,612.74 1,957.06

Ofis Yem Gidanayi ve Ticaret 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.

Ofis Yem Gidanayi ve Ticaret AS'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
=821.667+851.369
+Other Current Liabilities+Current Deferred Liabilities
=284.023+0
=1,957

Ofis Yem Gidanayi ve Ticaret AS'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
=821.667+851.369
+Other Current Liabilities+Current Deferred Liabilities
=284.023+0
=1,957

* 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

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Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ofis Yem Gida Sanayi ve Ticaret AS (IST:OFSYM) » Definitions » Total Current Liabilities
Comparable Companies
Traded in Other Exchanges
N/A
Address
Mustafa Kemal Mah. Dumlupinar,, Bulv. No:266, Number 15-16 06510, Tepe Prime Business Center Block C, Mezzanine Floor, Ankara District, Çankaya, TUR
Website
https://www.ofisyem.com.tr
Ofis Yem Gida Sanayi ve Ticaret AS operates in the Other Animal Food Manufacturing industry. The company's line of business includes the manufacturing of prepared feeds and feed ingredients for animals and fowls.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Headlines

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