MCRAB (McRae Industries) Total Current Liabilities: $6.5 Mil (As of Jul. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MCRAB McRae Industries Inc MCRAB
12 GF Score
Price $47.00
View Full Analysis

What is McRae Industries Total Current Liabilities?

McRae Industries MCRAB 12 Total Current Liabilities is $6.5 Mil as of Jul. 2023. GuruFocus rates MCRAB with a GF Score™ of 12/100.

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. McRae Industries's total current liabilities for the quarter that ended in Jul. 2023 was $6.5

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

McRae Industries Total Current Liabilities Related Terms

McRae Industries Total Current Liabilities Historical Data

* Premium members only.

The historical data trend for McRae Industries'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.

McRae Industries Total Current Liabilities Chart

McRae Industries Annual Data
Trend Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.32 6.02 0.00 9.77 6.51

McRae Industries Semi-Annual Data
Jul89 Jul90 Jul91 Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
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 12.32 6.02 0.00 9.77 6.51
MCRAB
12GF Score
McRae Industries Inc MCRAB
Total Current Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

McRae Industries Total Current Liabilities Calculation

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

McRae Industries's Total Current Liabilities for the fiscal year that ended in Jul. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.415+0.429
+Other Current Liabilities+Current Deferred Liabilities
=2.661+0
=6.5

McRae Industries's Total Current Liabilities for the quarter that ended in Jul. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.415+0.429
+Other Current Liabilities+Current Deferred Liabilities
=2.661+0
=6.5

* 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.

What does a Total Current Liabilities of $6.5 Mil mean?
McRae Industries (MCRAB) has a Total Current Liabilities of $6.5 Mil as of Jul. 2023. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for McRae Industries and its competitors.
Is McRae Industries' Total Current Liabilities too high?
McRae Industries' current Total Current Liabilities is $6.5 Mil. Overall, McRae Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does McRae Industries' Total Current Liabilities compare to RCKY and DBI?
McRae Industries' Total Current Liabilities of $6.5 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Liabilities for a Manufacturing - Apparel & Accessories company?
A good Total Current Liabilities depends on the Manufacturing - Apparel & Accessories industry context. However, Total Current Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Liabilities mean?
A high Total Current Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for McRae Industries and its competitors. McRae Industries's current Total Current Liabilities is $6.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McRae Industries stock overvalued right now?
McRae Industries (MCRAB) has a current Total Current Liabilities of $6.5 Mil. The current Total Current Liabilities is $6.5 Mil. McRae Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Liabilities calculated?
Total Current Liabilities is calculated from a company's financial statements. For McRae Industries (MCRAB), the current Total Current Liabilities is $6.5 Mil as of Jul. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

McRae Industries Business Description

Address 400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306
McRae Industries Inc operates in the footwear industry. It is engaged in the manufacturing, sales, and distribution of boot products targeted to the western lifestyle and work boot markets. The company also manufactures military combat boots for the U.S. Government and operates other smaller businesses. It has a wholly owned subsidiary that designs, markets, and distributes men's, women's, and children's footwear under the following brands: Dan Post, Laredo Western Boots, Dingo, and McRae Footwear.
12GF Score

Get the complete analysis for MCRAB

Total Current Liabilities is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$47.00
Price