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HomeCo Daily Needs REIT (ASX:HDN) Total Current Liabilities : A$103.9 Mil (As of Dec. 2023)


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What is HomeCo Daily Needs REIT Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. HomeCo Daily Needs REIT's total current liabilities for the quarter that ended in Dec. 2023 was A$103.9

HomeCo Daily Needs REIT Total Current Liabilities Historical Data

The historical data trend for HomeCo Daily Needs REIT'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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HomeCo Daily Needs REIT Total Current Liabilities Chart

HomeCo Daily Needs REIT Annual Data
Trend Jun22 Jun23
Total Current Liabilities
117.20 106.00

HomeCo Daily Needs REIT Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Total Current Liabilities 41.40 117.20 101.90 106.00 103.90

HomeCo Daily Needs REIT Total Current Liabilities Calculation

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

HomeCo Daily Needs REIT'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
=105.8+0.2
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=106.0

HomeCo Daily Needs REIT'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
=60.6+0.2
+Other Current Liabilities+Current Deferred Liabilities
=43.1+0
=103.9

* 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

HomeCo Daily Needs REIT Total Current Liabilities Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Total Current Liabilities
Comparable Companies
ASX:CQR ASX:DXC ASX:CDP ASX:RGN ASX:SCG SPG O ASX:VCX HKSE:00823 KIM REG SGX:C38U FRT NNN XPAR:LI XPAR:URW BRX ADC TSE:3462 SGX:N2IU
Traded in Other Exchanges
N/A
Address
1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000
Website
https://www.home-co.com.au
HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

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