Eurasia Drilling Co (LSE:EDCL) Total Current Liabilities : $642 Mil (As of Jun. 2015)

Eurasia Drilling Co Total Current Liabilities Chart

Eurasia Drilling Co Annual Data
	Trend	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14
Total Current Liabilities		Get a 7-Day Free Trial				451.29	660.76	822.18	770.43	413.78

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Total Current Liabilities	Get a 7-Day Free Trial								640.35	770.43	664.07	413.78	642.17

Eurasia Drilling Co Total Current Liabilities Calculation

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

Eurasia Drilling Co's Total Current Liabilities for the fiscal year that ended in Dec. 2014 is calculated as

Eurasia Drilling Co's Total Current Liabilities for the quarter that ended in Jun. 2015 is calculated as

* 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

Eurasia Drilling Co Total Current Liabilities Related Terms

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Eurasia Drilling Co (LSE:EDCL) Business Description