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Siem Industries (Siem Industries) Total Current Liabilities : $396.3 Mil (As of Jun. 2019)


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What is Siem Industries Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Siem Industries's total current liabilities for the quarter that ended in Jun. 2019 was $396.3

Siem Industries Total Current Liabilities Historical Data

The historical data trend for Siem Industries'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.

Siem Industries Total Current Liabilities Chart

Siem Industries Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Total Current Liabilities
Get a 7-Day Free Trial 68.56 647.93 437.38 440.02 404.22

Siem Industries Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19
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 472.05 440.02 409.11 404.22 396.35

Siem Industries Total Current Liabilities Calculation

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

Siem Industries's Total Current Liabilities for the fiscal year that ended in Dec. 2018 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=145.059+136.08
+Other Current Liabilities+Current Deferred Liabilities
=123.084+0
=404.2

Siem Industries's Total Current Liabilities for the quarter that ended in Jun. 2019 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=165.494+140.9
+Other Current Liabilities+Current Deferred Liabilities
=89.953+0
=396.3

* 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

Siem Industries Total Current Liabilities Related Terms

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Siem Industries (Siem Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Siem Industries Inc (OTCPK:SEMUF) » Definitions » Total Current Liabilities
Comparable Companies
GNK ASC CPLP EGLE GSL DSX SALT DAC SB PANL XTER:HLAG OCSE:MAERSK B SHSE:600018 BOM:532921 XKLS:3816 HKSE:01919 SHSE:601018 HKSE:06198 HKSE:00144 HKSE:01138
Traded in Other Exchanges
N/A
Address
Ugland House, South Church Street, P.O. Box 309, George Town, Grand Cayman, CYM, KY1-1104
Website
https://www.siemindustries.com
Siem Industries Inc is a diversified industrial holding company that operates through autonomous affiliates. The company has segregated its operations into Offshore Support Vessels, Reefer Vessels and Car Carriers, Cable-lay for Offshore Wind Farms (OWF), Scientific Core-Drilling, Shipbuilding, Potash-Mining and Corporate and Other. The company hold interests in several industrial areas including the oil and gas services industry and renewable energy sector, ocean transportation of refrigerated cargoes and automobiles, potash mining and finance. It generates maximum revenue from the Offshore Support Vessels segment.

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