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Accompanied by other current liabilities of $44.688 million, total current liabilities are equal to only $213 million.
Accompanied by other current liabilities of $44.688 million, total current liabilities are equal to only $213 million.
Additionally, assets held for sale were equal to $41.210 million, and total current assets were $266.014 million, close to 2x the total amount of current liabilities.
Also, a big part of its liabilities, about half, are current liabilities, so exposure remains considerable.
Source: https://seekingalpha.com/article/4593620-expect-more-profits-from-valero?source=feed_all_articles
Current assets exceeded current liabilities by $15.2 million at December 31 versus a year earlier when working capital was $20.5 million.
In addition, when looking at current assets and current liabilities, EA has a quick ratio of 1.2, which is good but not great.
Looking at the financials of the company they remain very strong with a cash position of $323 million almost entirely able to cover the current liabilities of $390 million.
The company has a quick ratio above 2.0 and can comfortably cover its current liabilities.
The quick ratio puts the assets of a company, which it can quickly turn into money, in relation to the current liabilities.