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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. LGI Homes's total current liabilities for the quarter that ended in Dec. 2023 was $235
The historical data trend for LGI Homes'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.
LGI Homes Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 384.43 | 80.65 | 81.86 | 298.70 | 235.48 |
LGI Homes Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Current Liabilities | Get a 7-Day Free Trial | 298.70 | 320.88 | 283.50 | 276.49 | 235.48 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
LGI Homes'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 |
= | 131.025 | + | 104.459 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 0 | |
= | 235 |
LGI Homes'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 |
= | 131.025 | + | 104.459 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 0 | |
= | 235 |
* 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
Thank you for viewing the detailed overview of LGI Homes's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven Randal Smith | director | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
Michael Larry Snider | officer: See Remarks | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
Eric Thomas Lipar | director, 10 percent owner, officer: Chief Executive Officer | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
Scott James Garber | officer: General Counsel and Secretary | 1450 LAKE ROBBINS DRIVE SUITE 430, THE WOODLANDS TX 77380 |
Ryan Edone | director | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS X1 77380 |
Maria Renna Sharpe | director | 11 EDWARDS COURT, MT. KISCO NY 10549 |
Charles Michael Merdian | director | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
Rachel Lyons Eaton | officer: Chief Marketing Officer | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
Jack Anthony Lipar | officer: See Remarks | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
Shailee Parikh | director | 27 N. ABERDEEN ST., UNIT 4S, CHICAGO IL 60607 |
Duncan S Gage | director | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
Robert Karnig Vahradian | director | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
Bryan Christopher Sansbury | director | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
Laura Marie Miller | director | 320 QUIET WATER LANE, ATLANTA GA 30350 |
Margaret Mary Britton | officer: Chief Administrative Officer | 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380 |
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