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Iveco Group NV (MIL:IVG) Total Current Liabilities : €11,388 Mil (As of Dec. 2023)


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What is Iveco Group NV Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Iveco Group NV's total current liabilities for the quarter that ended in Dec. 2023 was €11,388

Iveco Group NV Total Current Liabilities Historical Data

The historical data trend for Iveco Group NV'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.

Iveco Group NV Total Current Liabilities Chart

Iveco Group NV Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 11,217.00 11,278.00 8,405.00 10,553.00 11,388.00

Iveco Group NV Quarterly Data
Dec18 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 10,553.00 10,315.00 10,796.00 10,303.00 11,388.00

Iveco Group NV Total Current Liabilities Calculation

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

Iveco Group NV's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=4597+3942
+Other Current Liabilities+Current Deferred Liabilities
=2849+0
=11,388

Iveco Group NV'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
=4597+3942
+Other Current Liabilities+Current Deferred Liabilities
=2849+0
=11,388

* 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

Iveco Group NV Total Current Liabilities Related Terms

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Iveco Group NV (MIL:IVG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Iveco Group NV (MIL:IVG) » Definitions » Total Current Liabilities
Comparable Companies
MIL:COM CAT DE PCAR OSTO:VOLV A TSE:6201 TSE:6301 XAMS:EXO OSTO:EPI A SHSE:600031 TSE:6326 CNHI SZSE:000425 AGCO OHEL:METSO SZSE:000157 BOM:500477 OSK TSE:6305 HKSE:03808
Traded in Other Exchanges
IVCGF:USA IVGm:UK R3D:Germany
Address
Via Puglia n. 35, Turin, ITA, 10156
Website
https://www.ivecogroup.com
Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has three operating segments: Commercial and Specialty Vehicles, Powertrain and Financial Services. Majority of revenue is generated from Commercial and Specialty Vehicles. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods; city-buses, commuter buses; quarry and mining equipment. Geographically, majority of revenue is generated from Europe.

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