GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (NEOE:EVTG) » Definitions » Total Current Liabilities

EV Technology Group (NEOE:EVTG) Total Current Liabilities : C$8.66 Mil (As of Sep. 2023)


View and export this data going back to 2022. Start your Free Trial

What is EV Technology 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. EV Technology Group's total current liabilities for the quarter that ended in Sep. 2023 was C$8.66

EV Technology Group Total Current Liabilities Historical Data

The historical data trend for EV Technology 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.

EV Technology Group Total Current Liabilities Chart

EV Technology Group Annual Data
Trend Dec21 Dec22
Total Current Liabilities
0.03 3.78

EV Technology Group Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Current Liabilities Get a 7-Day Free Trial 1.47 3.78 6.50 7.91 8.66

EV Technology 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.

EV Technology Group's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.512+1.648
+Other Current Liabilities+Current Deferred Liabilities
=0+0.618
=3.78

EV Technology Group'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
=6.774+1.885
+Other Current Liabilities+Current Deferred Liabilities
=-0.0010000000000012+0
=8.66

* 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

EV Technology Group Total Current Liabilities Related Terms

Thank you for viewing the detailed overview of EV Technology Group's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

EV Technology Group (NEOE:EVTG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (NEOE:EVTG) » Definitions » Total Current Liabilities
Comparable Companies
XCNQ:TUGA TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F GM NSE:MARUTI LI XKRX:005380 HKSE:02333 NSE:TATAMOTORS SHSE:600104 XKRX:000270 NSE:M&M
Traded in Other Exchanges
EVTGF:USA B96A:Germany
Address
198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Website
https://www.evtgroup.com
EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.

EV Technology Group (NEOE:EVTG) Headlines

No Headlines