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ITC Holdings (ITC Holdings) Total Current Liabilities : $785 Mil (As of Jun. 2016)


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What is ITC Holdings Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. ITC Holdings's total current liabilities for the quarter that ended in Jun. 2016 was $785

ITC Holdings Total Current Liabilities Historical Data

The historical data trend for ITC Holdings'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.

ITC Holdings Total Current Liabilities Chart

ITC Holdings Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 315.47 1,003.31 499.38 463.01 719.15

ITC Holdings Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 480.07 949.30 719.15 892.78 785.02

ITC Holdings Total Current Liabilities Calculation

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

ITC Holdings's Total Current Liabilities for the fiscal year that ended in Dec. 2015 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=245.287+395.334
+Other Current Liabilities+Current Deferred Liabilities
=78.532+0
=719

ITC Holdings's Total Current Liabilities for the quarter that ended in Jun. 2016 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=268.272+451.232
+Other Current Liabilities+Current Deferred Liabilities
=65.514+0
=785

* 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

ITC Holdings Total Current Liabilities Related Terms

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ITC Holdings (ITC Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ITC Holdings Corp (NYSE:ITC) » Definitions » Total Current Liabilities
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BOG:ISA BSP:NEOE3 MIL:EDNR BKK:GPSC PHS:AEV OGE XSGO:ENELCHILE SHSE:600236 HKSE:02638 IDA MIC:IRAO BSP:EGIE3 XBRU:ELI BSP:CPFE3 PHS:AP BSP:EQTL3 POR HE PNW WAR:PGE
Traded in Other Exchanges
N/A
Address
Website
http://www.itc-holdings.com
ITC Holdings Corp was incorporated in 2002 in the State of Michigan for the purpose of acquiring ITC Transmission. The Company, along with its subsidiaries, is engaged in transmission of electricity in the United States. Through its operating subsidiaries, ITCTransmission, METC, ITC Midwest and ITC Great Plains, it operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The Company operates, maintains and invests in transmission infrastructure in order to enhance system integrity and reliability, reduces transmission constraints and allows new generating resources to interconnect to its transmission systems. Its Regulated Operating Subsidiaries are independent electric transmission utilities, with rates regulated by the FERC and established on a cost-of-service model. The Company's Regulated Operating Subsidiaries earns revenues through tariff rates charged for the use of their electric transmission systems by its customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. The Company's operations are subject to federal, state and local environmental laws and regulations, which impose limitations on the discharge of pollutants into the environment, establish standards for the management, treatment, storage, transportation and disposal of hazardous materials and of solid and hazardous wastes, and impose obligations to investigate and remediate contamination in certain circumstances.
Executives
Edward G Jepsen director C/O AMPHENOL CORPORATION, 358 HALL AVENUE, WALLINGFORD CT 06492
Rejji P Hayes officer: EVP & CFO ONE ENERGY PLAZA, JACKSON MI 49201
Thomas G Stephens director 777 JOSLYN ROAD, MC 483 720 540, PONTIAC MI 48340-2925
Dave R Lopez director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Lee C Stewart director PO BOX 816, SHARON CT 06069
Chris Franklin director 762 W.LANCASTER AVE, BRYN MAWR PA 19010
Cameron M Bready officer: EVP & Chief Financial Officer 3550 LENOX RD, ATLANTA GA 30326
Watts J C Jr director

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