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Orbit Technologies (XTAE:ORBI) Total Current Liabilities : ₪86.2 Mil (As of Jun. 2023)


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What is Orbit Technologies Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Orbit Technologies's total current liabilities for the quarter that ended in Jun. 2023 was ₪86.2

Orbit Technologies Total Current Liabilities Historical Data

The historical data trend for Orbit Technologies'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.

Orbit Technologies Total Current Liabilities Chart

Orbit Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Current Liabilities
Get a 7-Day Free Trial 70.43 72.10 - 82.77 91.49

Orbit Technologies Quarterly Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 91.49 86.74 86.17

Orbit Technologies Total Current Liabilities Calculation

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

Orbit Technologies's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=68.474+4.069
+Other Current Liabilities+Current Deferred Liabilities
=18.946+0
=91.5

Orbit Technologies's Total Current Liabilities for the quarter that ended in Jun. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=86.166+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=86.2

* 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

Orbit Technologies Total Current Liabilities Related Terms

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Orbit Technologies (XTAE:ORBI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Total Current Liabilities
Comparable Companies
XTAE:ASHO XTAE:ISI XTAE:TATT XTAE:ARYT XTAE:BSEN XTAE:GKL XTAE:FBRT RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A
Traded in Other Exchanges
N/A
Address
8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608
Website
http://www.orbit-cs.com
Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

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