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Mega African Capital (XGHA:MAC) Total Current Liabilities : GHS118.30 Mil (As of Dec. 2022)


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What is Mega African Capital Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Mega African Capital's total current liabilities for the quarter that ended in Dec. 2022 was GHS118.30

Mega African Capital Total Current Liabilities Historical Data

The historical data trend for Mega African Capital'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.

Mega African Capital Total Current Liabilities Chart

Mega African Capital Annual Data
Trend Dec20 Dec21 Dec22
Total Current Liabilities
- 81.64 118.30

Mega African Capital Semi-Annual Data
Dec20 Dec21 Dec22
Total Current Liabilities - 81.64 118.30

Mega African Capital Total Current Liabilities Calculation

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

Mega African Capital'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
=68.375+0
+Other Current Liabilities+Current Deferred Liabilities
=49.927+0
=118.30

Mega African Capital's Total Current Liabilities for the quarter that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=68.375+0
+Other Current Liabilities+Current Deferred Liabilities
=49.927+0
=118.30

* 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

Mega African Capital Total Current Liabilities Related Terms

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Mega African Capital (XGHA:MAC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » Total Current Liabilities
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BOM:532164 XLJU:VHDR BOM:526251 BOM:511507 WAR:WBY WAR:PMF BOM:530055 BOM:538351 BOM:512020 BOM:531515 XKRX:276920 TSXV:PPK XLJU:SING TSXV:BATS.P TSXV:ESS BOM:537068 WAR:EVE ASX:MCX BOM:531505 WAR:TLH
Traded in Other Exchanges
N/A
Address
Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA
Website
http://www.megafricancapital.com
Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.