Top Glove Bhd (Top Glove Bhd) Total Current Liabilities : $206.7 Mil (As of Feb. 2024)

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What is Top Glove Bhd Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Top Glove Bhd's total current liabilities for the quarter that ended in Feb. 2024 was $206.7

Top Glove Bhd Total Current Liabilities Historical Data

The historical data trend for Top Glove Bhd'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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Top Glove Bhd Total Current Liabilities Chart

Top Glove Bhd Annual Data

Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23

Total Current Liabilities

Get a 7-Day Free Trial 380.22 509.67 521.34 223.22 200.45

Top Glove Bhd Quarterly Data

May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24

Total Current Liabilities Get a 7-Day Free Trial 187.05 219.60 200.45 201.29 206.67

Top Glove Bhd Total Current Liabilities Calculation

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

Top Glove Bhd's Total Current Liabilities for the fiscal year that ended in Aug. 2023 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 41.654 + 117.613

+ Other Current Liabilities + Current Deferred Liabilities

= 41.186 + 0

= 200.5

Top Glove Bhd's Total Current Liabilities for the quarter that ended in Feb. 2024 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 71.871 + 111.876

+ Other Current Liabilities + Current Deferred Liabilities

= 22.923 + 0

= 206.7

* 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

Top Glove Bhd Total Current Liabilities Related Terms
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Top Glove Bhd (Top Glove Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Top Glove Corp Bhd (OTCPK:TPGVF) » Definitions » Total Current Liabilities

Comparable Companies

XKLS:7153 XKLS:7106 XKLS:0157 XKLS:2127 XKLS:0163 XKLS:5079 XKLS:7191 XKLS:9113 XKLS:0182 ISRG XPAR:EL BDX XSWX:ALC TSE:7741 WST OCSE:COLO B RMD TSE:4543 XSWX:STMN BAX

Traded in Other Exchanges

TGLVY:USA BVA:Singapore 7113:Malaysia

Address

16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170

Website

https://www.topglove.com

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.

Top Glove Bhd (Top Glove Bhd) Headlines

From GuruFocus

Top Glove Bhd Stock Is Believed To Be Modestly Undervalued
By GF Value GF Value • 04-09-2021

Top Glove Bhd Stock Shows Every Sign Of Being Significantly Undervalued
By GF Value GF Value • 05-09-2021

Top Glove Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Current Liabilities	Get a 7-Day Free Trial															187.05	219.60	200.45	201.29	206.67

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	41.654	+	117.613
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	41.186	+	0
	=	200.5