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Grenke AG (LTS:0R97) Total Current Liabilities : €3,317.0 Mil (As of Sep. 2024)


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What is Grenke AG Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Grenke AG's total current liabilities for the quarter that ended in Sep. 2024 was €3,317.0

Grenke AG Total Current Liabilities Historical Data

The historical data trend for Grenke AG'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.

Grenke AG Total Current Liabilities Chart

Grenke AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,900.17 2,073.21 2,287.62 2,443.39 2,042.65

Grenke AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,071.10 2,042.65 2,658.84 2,562.88 3,316.97

Grenke AG Total Current Liabilities Calculation

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

Grenke AG'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
=74.434+1212.277
+Other Current Liabilities+Current Deferred Liabilities
=755.938+0
=2,042.6

Grenke AG's Total Current Liabilities for the quarter that ended in Sep. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=58.889+1853.738
+Other Current Liabilities+Current Deferred Liabilities
=1404.344+0
=3,317.0

* 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

Grenke AG Total Current Liabilities Related Terms

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Grenke AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (LTS:0R97) » Definitions » Total Current Liabilities
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XTER:E4I XTER:ALG FRA:ENGL V MA AXP PYPL COF BOM:500034 DFS SYF BOM:543257 IST:QNBFK BOM:532810 SOFI BOM:532955 NSE:SHRIRAMFIN NSE:CHOLAFIN ALLY BOM:533398
Traded in Other Exchanges
GKSGF:USA GLJd:UK GLJ:Germany GLJ:Germany GLJ:Germany GLJ:Germany GLJ:Austria
Address
Neuer Markt 2, Baden-Baden, DEU, 76532
Website
https://www.grenke.de
Grenke AG is a financial services company that, under a franchise model, provides operational infrastructure, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include; The Leasing segment which generates key revenue, and consists of financing to commercial lessees, rental, service, protection and maintenance offerings, and the disposal of used equipment. The Banking segment acts as a financing partner, particularly to small- and medium-sized companies, and the Factoring segment offers traditional factoring services with a focus on small-ticket factoring. Geographically, the majority of the company's revenue is generated from France and rest from Italy, Germany and other regions.

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