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Ondo InsurTech (LSE:ONDO) Total Current Liabilities : £2.42 Mil (As of Sep. 2023)


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What is Ondo InsurTech Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Ondo InsurTech's total current liabilities for the quarter that ended in Sep. 2023 was £2.42

Ondo InsurTech Total Current Liabilities Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Total Current Liabilities Chart

Ondo InsurTech Annual Data
Trend
Total Current Liabilities

Ondo InsurTech Semi-Annual Data
Aug21 Feb22 Aug22 Sep23
Total Current Liabilities 0.02 0.10 0.77 2.42

Ondo InsurTech Total Current Liabilities Calculation

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

Ondo InsurTech's Total Current Liabilities for the fiscal year that ended in . 20 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=+
+Other Current Liabilities+Current Deferred Liabilities
=+
=0.00

Ondo InsurTech'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
=1.265+0
+Other Current Liabilities+Current Deferred Liabilities
=1.154+0
=2.42

* 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

Ondo InsurTech Total Current Liabilities Related Terms

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Ondo InsurTech (LSE:ONDO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
1AI:Germany
Address
60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR
Website
https://www.ondoplc.com
Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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