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Credit Acceptance (BSP:CRDA34) Total Current Liabilities : R$2,053 Mil (As of Mar. 2024)


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What is Credit Acceptance Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Credit Acceptance's total current liabilities for the quarter that ended in Mar. 2024 was R$2,053

Credit Acceptance Total Current Liabilities Historical Data

The historical data trend for Credit Acceptance'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.

Credit Acceptance Total Current Liabilities Chart

Credit Acceptance 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 847.99 961.54 990.74 1,381.11 1,958.94

Credit Acceptance Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,352.15 1,277.98 1,450.00 1,958.94 2,052.67

Credit Acceptance Total Current Liabilities Calculation

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

Credit Acceptance'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
=1958.94+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=1,959

Credit Acceptance's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2052.674+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=2,053

* 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

Credit Acceptance Total Current Liabilities Related Terms

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Credit Acceptance (BSP:CRDA34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Acceptance Corp (BSP:CRDA34) » Definitions » Total Current Liabilities
Comparable Companies
OMF FCFS OBDC SLM WU SOFI NNI QFIN LU BFH V MA AXP PYPL COF BOM:500034 IST:QNBFL DFS BOM:543257 BOM:532810
Traded in Other Exchanges
CACC:USA
Address
25505 W. Twelve Mile Road, Southfield, MI, USA, 48034-8339
Website
https://www.creditacceptance.com
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.

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