Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 360

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 360
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442            76,581       —                         1,360,202
​                                      461,163        3,402,804           243,591       17,524                    4,125,082
​

               ​                  ​      ​       ​       ​        ​        ​        ​        ​        ​           ​        
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​                                 ​      Trade   ​            ​   ​        Leases   ​         Other   ​         Total as of
Maturity Date                         payables       Borrowings       liabilities       liabilities       December 31, 2023
Due                               ​    260,004   ​            —   ​             —   ​             —   ​             260,004
January 2024 thru December 2024        517,093        1,276,617            68,674            23,470               1,885,854
January 2025 thru December 2025          1,061        1,547,339            54,349             5,446               1,608,195
January 2026 thru December 2026   320                 1,428,451            28,490             5,048               1,462,309
January 2027 and thereafter       610                   847,100            62,204   745                             910,659
​                                      779,088        5,099,507           213,717            34,709               6,127,021
​
On the other hand, it should be noted that, Telecom and its subsidiaries have a typical working capital structure corresponding to a company with intensive capital that obtains spontaneous financing from its suppliers (especially PP&E) for longer terms than those it provides to its customers.

F-

TELECOM ARGENTINA S.A.

The Management uses the metrics a) working capital and b) liquidity rate to measure its short-term financial health and operational efficiency and assessing the Company’s ability to manage its liquidity and sustain their operational activities.
​
Working capital and liquidity risk as of December 31, 2024 and 2023 are detailed below:
​

                               ​                                  ​         ​        ​         ​        ​       ​    
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​                                                                 2024               2023                   Variation
Trade receivables                                                 ​        295,992   ​        289,338   ​       6,654
Other receiv