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Caravelle International Group (Caravelle International Group) Total Current Liabilities : $21.2 Mil (As of Apr. 2023)


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What is Caravelle International Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Caravelle International Group's total current liabilities for the quarter that ended in Apr. 2023 was $21.2

Caravelle International Group Total Current Liabilities Historical Data

The historical data trend for Caravelle International Group'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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Caravelle International Group Total Current Liabilities Chart

Caravelle International Group Annual Data
Trend Oct20 Oct21 Oct22
Total Current Liabilities
18.81 20.44 23.18

Caravelle International Group Semi-Annual Data
Oct20 Apr21 Oct21 Apr22 Oct22 Apr23
Total Current Liabilities Get a 7-Day Free Trial - 20.44 26.11 23.18 21.23

Caravelle International Group Total Current Liabilities Calculation

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

Caravelle International Group's Total Current Liabilities for the fiscal year that ended in Oct. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=9.86+3.252
+Other Current Liabilities+Current Deferred Liabilities
=0+10.067
=23.2

Caravelle International Group's Total Current Liabilities for the quarter that ended in Apr. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=6.292+0.291
+Other Current Liabilities+Current Deferred Liabilities
=0+14.647
=21.2

* 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

Caravelle International Group Total Current Liabilities Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Total Current Liabilities
Comparable Companies
CTRM GLBS PSHG EDRY USEA OP NM TOPS CISS TORO BSP:PSVM11 OCSE:MAERSK B XTER:HLAG BOM:532921 HKSE:01919 SHSE:600018 TSE:9101 TSE:9104 SHSE:601018 TSE:9107
Traded in Other Exchanges
N/A
Address
60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051
Website
http://www.caravelleglobal.com
Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.