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BetMakers Technology Group (ASX:BET) Total Current Liabilities : A$42.45 Mil (As of Dec. 2023)


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What is BetMakers Technology Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. BetMakers Technology Group's total current liabilities for the quarter that ended in Dec. 2023 was A$42.45

BetMakers Technology Group Total Current Liabilities Historical Data

The historical data trend for BetMakers Technology Group'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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BetMakers Technology Group Total Current Liabilities Chart

BetMakers Technology Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Current Liabilities
Get a 7-Day Free Trial 7.37 1.68 22.10 21.27 45.29

BetMakers Technology Group Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 14.64 21.27 46.86 45.29 42.45

BetMakers Technology Group Total Current Liabilities Calculation

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

BetMakers Technology Group's Total Current Liabilities for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=35.079+1.401
+Other Current Liabilities+Current Deferred Liabilities
=8.342+0.472
=45.29

BetMakers Technology Group's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=33.204+1.475
+Other Current Liabilities+Current Deferred Liabilities
=7.189+0.582
=42.45

* 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

BetMakers Technology Group Total Current Liabilities Related Terms

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BetMakers Technology Group (ASX:BET) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BetMakers Technology Group Ltd (ASX:BET) » Definitions » Total Current Liabilities
Comparable Companies
ASX:BBT ASX:PBH ASX:AGI DUB:FLTR OSTO:EVO ASX:ALL DKNG CHDN LSE:ENT LNW ASX:TLC XPAR:FDJ ATH:OPAP IGT MIL:LTMC TSE:6417 SGHC OSTO:KIND SDB LSE:PTEC OSTO:BETS B
Traded in Other Exchanges
TPBTF:USA
Address
189 Flinders Lane, Level 4, Melbourne, VIC, AUS, 3000
Website
http://www.thebetmakers.com
BetMakers Technology Group Ltd engages in the development and provision of data and analytic products. The firm operates in three segments: Global racing network, Global betting services, and Global Tote. The Global racing network segment assists racing bodies and rights holders in producing and distributing race content including services such as barrier technology, official price calculation, vision, and pricing distribution. The Global betting services segment which derives the majority of revenue provides a variety of racing data and analytical tools consisting of basic race data such as pricing, runners, and form, analytical tools. The Global Tote segment includes the provision of tote software and integrations to facilitate tote liquidity and results.

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