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Made Tech Group (LSE:MTEC) Total Current Liabilities : £3.09 Mil (As of May. 2024)


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What is Made Tech 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. Made Tech Group's total current liabilities for the quarter that ended in May. 2024 was £3.09

Made Tech Group Total Current Liabilities Historical Data

The historical data trend for Made Tech 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.

Made Tech Group Total Current Liabilities Chart

Made Tech Group Annual Data
Trend May19 May20 May21 May22 May23 May24
Total Current Liabilities
Get a 7-Day Free Trial 1.59 3.61 6.23 4.88 3.09

Made Tech Group Semi-Annual Data
May19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.23 4.14 4.88 5.17 3.09

Made Tech 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.

Made Tech Group's Total Current Liabilities for the fiscal year that ended in May. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.625+0
+Other Current Liabilities+Current Deferred Liabilities
=1.469+0
=3.09

Made Tech Group's Total Current Liabilities for the quarter that ended in May. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.625+0
+Other Current Liabilities+Current Deferred Liabilities
=1.469+0
=3.09

* 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

Made Tech Group Total Current Liabilities Related Terms

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Made Tech Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
5UH:Germany
Address
4 O’Meara Street, London, GBR, SE1 1TE
Website
https://www.madetech.com
Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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