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SMG European Recovery SPAC SE (XTER:RCVR) Total Current Liabilities : €12.49 Mil (As of Jun. 2024)


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What is SMG European Recovery SPAC SE Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. SMG European Recovery SPAC SE's total current liabilities for the quarter that ended in Jun. 2024 was €12.49

SMG European Recovery SPAC SE Total Current Liabilities Historical Data

The historical data trend for SMG European Recovery SPAC SE'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.

SMG European Recovery SPAC SE Total Current Liabilities Chart

SMG European Recovery SPAC SE Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
1.04 119.33 46.70

SMG European Recovery SPAC SE Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Current Liabilities Get a 7-Day Free Trial 3.71 119.33 136.01 46.70 12.49

SMG European Recovery SPAC SE Total Current Liabilities Calculation

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

SMG European Recovery SPAC SE'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
=3.726+0.007
+Other Current Liabilities+Current Deferred Liabilities
=42.962+0
=46.70

SMG European Recovery SPAC SE'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
=3.405+0.009
+Other Current Liabilities+Current Deferred Liabilities
=9.073+0
=12.49

* 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

SMG European Recovery SPAC SE Total Current Liabilities Related Terms

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SMG European Recovery SPAC SE Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SMG European Recovery SPAC SE (XTER:RCVR) » Definitions » Total Current Liabilities
Comparable Companies
XTER:LRND AACT ANSC AAM GATE EQV NETD CCIX KFII CCIR GPAT ALF MBAV GIG BACQ HYAC VACH BEAG CUB SIMA
Traded in Other Exchanges
N/A
Address
9, rue de Bitbourg, Luxembourg, LUX, L-1273
Website
https://www.smg-spac.com
SMG European Recovery SPAC SE is a special-purpose acquisition company that intends to seek a suitable target for the Business Combination in the real estate-related hospitality sector with a focus on the sub-sector lodging and leisure.
Executives
Smg Spac Investment S.à R.l. PCA, person closely associated with Stefan Petrikovics, member of the management board (Vorstandsmitglied)

SMG European Recovery SPAC SE Headlines

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