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Meikles (LSE:MIK) Total Current Liabilities : $593 Mil (As of Aug. 2023)


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What is Meikles Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Meikles's total current liabilities for the quarter that ended in Aug. 2023 was $593

Meikles Total Current Liabilities Historical Data

The historical data trend for Meikles'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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Meikles Total Current Liabilities Chart

Meikles Annual Data
Trend Dec08 Dec09 Mar11 Mar12 Mar19 Mar20 Mar21
Total Current Liabilities
Get a 7-Day Free Trial 106.33 112.17 4.92 8.19 21.66

Meikles Semi-Annual Data
Dec09 Mar11 Mar12 Sep12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23
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 21.66 14.31 60.09 63.92 593.34

Meikles Total Current Liabilities Calculation

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

Meikles's Total Current Liabilities for the fiscal year that ended in Mar. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=13.267+0.456
+Other Current Liabilities+Current Deferred Liabilities
=7.938+0
=22

Meikles's Total Current Liabilities for the quarter that ended in Aug. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=450.602+47.062
+Other Current Liabilities+Current Deferred Liabilities
=95.68+0
=593

* 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

Meikles Total Current Liabilities Related Terms

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Meikles (LSE:MIK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Total Current Liabilities
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XZIM:OKZ.ZW PHS:SM TSE:8267 LIVEPOL1 DDS JSE:SHP TSE:9005 LSE:MKS XSGO:FALABELLA BKK:CRC TSE:3099 M SZSE:000564 XSGO:CENCOSUD TSE:7453 SORIANAB JSE:PPH BSP:GMAT3 LIM:INRETC1 SHSE:600655
Traded in Other Exchanges
MEIK.ZW:Zimbabwe
Address
4 Steppes Road, Highlands, Harare, ZWE
Website
https://www.meiklesltd.com
Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.