PREC (Prestige Cars International) Total Current Liabilities: $1.81 Mil (As of Sep. 2023)


What is Prestige Cars International Total Current Liabilities?

Prestige Cars International PREC Total Current Liabilities is $1.81 Mil as of Sep. 2023.

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Prestige Cars International's total current liabilities for the quarter that ended in Sep. 2023 was $1.81

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

Prestige Cars International Total Current Liabilities Related Terms

Prestige Cars International Total Current Liabilities Historical Data

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The historical data trend for Prestige Cars International'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.

Prestige Cars International Total Current Liabilities Chart

Prestige Cars International Annual Data
Trend
Total Current Liabilities

Prestige Cars International Semi-Annual Data
Sep22 Sep23
Total Current Liabilities 0.00 1.81

Prestige Cars International Total Current Liabilities Calculation

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

Prestige Cars International's Total Current Liabilities for the fiscal year that ended in . 20 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=+
+Other Current Liabilities+Current Deferred Liabilities
=+
=0.00

Prestige Cars International'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
=0.293+1.318
+Other Current Liabilities+Current Deferred Liabilities
=0+0.195
=1.81

* 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 $1.81 Mil mean?
Prestige Cars International (PREC) has a Total Current Liabilities of $1.81 Mil as of Sep. 2023. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for Prestige Cars International and its competitors.
Is Prestige Cars International's Total Current Liabilities too high?
Prestige Cars International's current Total Current Liabilities is $1.81 Mil.
How does Prestige Cars International's Total Current Liabilities compare to NCNCF and ZAPPF?
Prestige Cars International's Total Current Liabilities of $1.81 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Total Current Liabilities depends on the Vehicles & Parts 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 Prestige Cars International and its competitors. Prestige Cars International's current Total Current Liabilities is $1.81 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prestige Cars International stock overvalued right now?
Prestige Cars International (PREC) has a current Total Current Liabilities of $1.81 Mil. The current Total Current Liabilities is $1.81 Mil. 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 Prestige Cars International (PREC), the current Total Current Liabilities is $1.81 Mil as of Sep. 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.

Prestige Cars International Business Description

Address 1013 West Sunrise boulevard, Fort Lauderdale, FL, USA, 33311
Prestige Cars International Inc is engaged in restoring, buying, maintaining, selling and servicing High-End luxury European vehicles new and used and their parts world wide. The business of the company is conducted through its showroom and via the internet. The Company specializes in current and vintage Rolls Royce, Bentley, Mercedes Benz, BMW, Porsche, Jaguar, Ferrari, Aston Martin and Land Rovers. The Company services both the B2B and B2C automotive space.