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UK Oil & Gas (LSE:UKOG) Total Current Liabilities : £5.42 Mil (As of Sep. 2023)


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What is UK Oil & Gas Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. UK Oil & Gas's total current liabilities for the quarter that ended in Sep. 2023 was £5.42

UK Oil & Gas Total Current Liabilities Historical Data

The historical data trend for UK Oil & Gas'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.

UK Oil & Gas Total Current Liabilities Chart

UK Oil & Gas Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.50 5.07 4.15 3.92 5.42

UK Oil & Gas Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 4.15 3.91 3.92 3.51 5.42

UK Oil & Gas Total Current Liabilities Calculation

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

UK Oil & Gas's Total Current Liabilities for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.447+4.784
+Other Current Liabilities+Current Deferred Liabilities
=0.188+0
=5.42

UK Oil & Gas's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.447+4.784
+Other Current Liabilities+Current Deferred Liabilities
=0.188+0
=5.42

* 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

UK Oil & Gas Total Current Liabilities Related Terms

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UK Oil & Gas (LSE:UKOG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » UK Oil & Gas PLC (LSE:UKOG) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
0UK:Germany
Address
20 Primrose Street, 8th Floor, The Broadgate Tower, London, GBR, EC2A 2EW
Website
https://www.ukogplc.com
UK Oil & Gas PLC operates as an oil and gas exploration company. Its principal activity is to acquire a portfolio of direct and indirect interests in the exploration, development, and production of oil and gas assets. The company's current operational focus is on the UK and Turkey onshore sectors. Its current UK onshore portfolio consists of direct and indirect interests in six oil and gas exploration, appraisal, development, and production assets, all situated within the Weald and Purbeck-Wight Basins of southern England. The company has three reportable segments: Oil exploration and production which includes producing business activities; Oil exploration and evaluation which includes non-producing activities; Head Office, corporate and administrative, including parent company activities.

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