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Nictus Holdings (NAM:NHL) Total Current Liabilities : R1,473.0 Mil (As of Dec. 2023)


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What is Nictus Holdings Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Nictus Holdings's total current liabilities for the quarter that ended in Dec. 2023 was R1,473.0

Nictus Holdings Total Current Liabilities Historical Data

The historical data trend for Nictus Holdings'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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Nictus Holdings Total Current Liabilities Chart

Nictus Holdings Annual Data
Trend Mar20 Mar21 Jun22 Jun23
Total Current Liabilities
1,698.87 1,534.92 1,826.26 2,321.57

Nictus Holdings Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Dec22 Jun23 Dec23
Total Current Liabilities Get a 7-Day Free Trial 1,534.92 1,585.02 1,930.82 2,321.57 1,472.98

Nictus Holdings Total Current Liabilities Calculation

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

Nictus Holdings's Total Current Liabilities for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=156.994+67.585
+Other Current Liabilities+Current Deferred Liabilities
=2096.991+0
=2,321.6

Nictus Holdings's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=176.517+49.438
+Other Current Liabilities+Current Deferred Liabilities
=1247.029+0
=1,473.0

* 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

Nictus Holdings Total Current Liabilities Related Terms

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Nictus Holdings (NAM:NHL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nictus Holdings Ltd (NAM:NHL) » Definitions » Total Current Liabilities
Comparable Companies
SHSE:603053 SHSE:603080 SHSE:603706 SHSE:600681 SHSE:605368 SHSE:605169 SHSE:600635 SHSE:600903 SZSE:001299 SZSE:000593 ORLY TSX:ATD AZO SHSE:601888 TSCO ULTA GPC BBY ADX:ADNOCDIST CASY
Traded in Other Exchanges
N/A
Address
140 Mandume Ndemufayo Avenue, 1st Floor, Nictus Building, P.O. Box 755, Southern Industrial Area, Windhoek, NAM
Website
http://www.nictusholdings.com
Nictus Holdings Ltd retails automobiles, tyres, furniture and provides financial and insurance services in Namibia. The company operates through three segments namely, Retail, Properties, and Insurance and Finance. The Retail segment sells multi-brand tires, retreaded tires, wheels, and allied services. The Properties segment invests in properties. The Insurance and Finance segment provides risk management solutions, and financial assistance. Majority revenue of the company is earned from Retail segment.

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