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Scandinavian Brake Systems AS (OCSE:SBS) Total Current Liabilities : kr32.30 Mil (As of Jun. 2024)


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What is Scandinavian Brake Systems AS Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Scandinavian Brake Systems AS's total current liabilities for the quarter that ended in Jun. 2024 was kr32.30

Scandinavian Brake Systems AS Total Current Liabilities Historical Data

The historical data trend for Scandinavian Brake Systems AS'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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Scandinavian Brake Systems AS Total Current Liabilities Chart

Scandinavian Brake Systems AS 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 213.50 407.90 10.00 183.40 24.70

Scandinavian Brake Systems AS Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 6.00 183.40 184.40 24.70 32.30

Scandinavian Brake Systems AS Total Current Liabilities Calculation

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

Scandinavian Brake Systems AS'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
=0.4+24.3
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=24.70

Scandinavian Brake Systems AS's Total Current Liabilities for the quarter that ended in Jun. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=8+24.3
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=32.30

* 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

Scandinavian Brake Systems AS Total Current Liabilities Related Terms

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Scandinavian Brake Systems AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Scandinavian Brake Systems AS (OCSE:SBS) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
Kuopiovej 11, Svendborg, DNK, 5700
Website
http://www.sbs.dk
Scandinavian Brake Systems AS is a Denmark based company engaged in manufacturing and selling of automotive and friction parts. Its operating segments are SBS Automotive and SBS Friction and Other. SBS Automotive segment comprises activities within vehicles, including sourcing, completion, and distribution of brake parts and related wearing parts for vehicles. The automotive products offered by the group are brake parts, clutch kits, coil springs, shock absorbers, and other parts. SBS Friction segment includes activities related to the manufacturing and sale of friction materials for motorcycles, wind turbines and for other areas. SBS Automotive segment contributes majorly to the group's revenue.