Introdução
Current Liabilities are obligations that the company must pay in the next 12 months: accounts payable, short-term debt, salaries, taxes.
Explicação
Current Liabilities include: 1) Accounts Payable (money owed to suppliers), 2) Short Term Debt (debt maturing <12 months), 3) Accrued Expenses (expenses accrued such as salaries), 4) Tax Payables (taxes pending payment).
Fórmula
Working Capital = Current Assets - Current Liabilities
Exemplo
Apple: - Accounts Payable: $65B (owed to suppliers like Foxconn) - Short Term Debt: $10B - Accrued Expenses: $25B - Total Current Liabilities: $100B+
Como interpretar
High Current Liabilities vs Current Assets = liquidity problems (Current Ratio < 1). High Accounts Payable can be positive (company negotiates good terms with suppliers) or negative (problems paying). High Short Term Debt is risky if the company does not generate enough cash to refinance or repay.
Ideias-chave
- Current Liabilities = obligations <12 months
- They include: accounts payable, short-term debt, salaries
- Working Capital = Current Assets - Current Liabilities
- Liabilities > Current Assets = liquidity problems
- High Accounts Payable can be good or bad
- High Short Term Debt is risky without enough cash