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Stainless Tankers ASA (OSL:STST) Total Current Liabilities : kr138.6 Mil (As of Sep. 2024)


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What is Stainless Tankers ASA Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Stainless Tankers ASA's total current liabilities for the quarter that ended in Sep. 2024 was kr138.6

Stainless Tankers ASA Total Current Liabilities Historical Data

The historical data trend for Stainless Tankers ASA'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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Stainless Tankers ASA Total Current Liabilities Chart

Stainless Tankers ASA Annual Data
Trend Dec23
Total Current Liabilities
133.28

Stainless Tankers ASA Quarterly Data
Feb23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Current Liabilities Get a 7-Day Free Trial - 133.28 145.55 144.33 138.61

Stainless Tankers ASA Total Current Liabilities Calculation

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

Stainless Tankers ASA'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
=21.542+102.72
+Other Current Liabilities+Current Deferred Liabilities
=9.019+0
=133.3

Stainless Tankers ASA'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
=23.423+103.315
+Other Current Liabilities+Current Deferred Liabilities
=11.876+0
=138.6

* 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

Stainless Tankers ASA Total Current Liabilities Related Terms

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Stainless Tankers ASA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stainless Tankers ASA (OSL:STST) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
ZC0:Germany
Address
Henrik Ibsens gate 90, Oslo, NOR, 0255
Website
https://www.stainlesstankers.com
Stainless Tankers ASA is a shipping company specializing in providing seaborne transportation of chemical cargoes world-wide. The Company provides investors with pure-play stainless steel chemical tanker exposure in an investor-friendly structure through its fleet of seven stainless steel vessels.

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