GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flotek Industries Inc (NYSE:FTK) » Definitions » Total Current Liabilities

Flotek Industries (Flotek Industries) Total Current Liabilities : $47.8 Mil (As of Dec. 2023)


View and export this data going back to 1998. Start your Free Trial

What is Flotek Industries Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Flotek Industries's total current liabilities for the quarter that ended in Dec. 2023 was $47.8

Flotek Industries Total Current Liabilities Historical Data

The historical data trend for Flotek Industries'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.

Flotek Industries Total Current Liabilities Chart

Flotek Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.32 28.86 18.78 151.37 47.78

Flotek Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 151.37 98.88 53.26 45.24 47.78

Flotek Industries Total Current Liabilities Calculation

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

Flotek Industries'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
=36.386+10.142
+Other Current Liabilities+Current Deferred Liabilities
=0.70399999999999+0.55
=47.8

Flotek Industries'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
=36.386+10.142
+Other Current Liabilities+Current Deferred Liabilities
=0.70399999999999+0.55
=47.8

* 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

Flotek Industries Total Current Liabilities Related Terms

Thank you for viewing the detailed overview of Flotek Industries's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

Flotek Industries (Flotek Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flotek Industries Inc (NYSE:FTK) » Definitions » Total Current Liabilities
Comparable Companies
KLXE DTI PFIE SND NINE GEOS DWSN NCSM SDPI RCON SLB HAL BKR MIL:TEN FTI SHSE:601808 WFRD NOV CHX ASX:WOR
Traded in Other Exchanges
N/A
Address
8846 North Sam Houston Parkway West, Suite 150, Houston, TX, USA, 77064
Website
https://www.flotekind.com
Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others. The company operates in the Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries that market specialty chemicals. Its Data Analytics segment enables users to maximize the value of their hydrocarbon-associated processes by providing analytics associated with the streams in seconds rather than minutes or days.
Executives
David Nierenberg director 19605 NE 8TH STREET, CAMAS WA 98607
Ryan Gillis Ezell officer: SVP, Operations 10603 N. SAM HOUSTON PARKWAY W., SUITE 300, HOUSTON TX 77064
Matthew Wilks director 17010 IH-20, CISCO TX 76437
James Bond Clement officer: Chief Financial Officer 400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508
Harshavardhan V Agadi director 5755 NORTH POINT PKWAY #266, ALPHARETTA GA 30022
Gibson John W Jr director, officer: CEO and President 10603 W. SAM HOUSTON PKWY N., SUITE 300, HOUSTON TX 77064
Profrac Holding Corp. 10 percent owner 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Evan R Farber director 7903 KENTUCKY AVE., BETHESDA MD 20814
Seham Saleh Carson officer: Interim CFO 3318 RAVENS ROOST, MISSOURI CITY TX 77459
Profrac Holdings Ii, Llc 10 percent owner 333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Profrac Holdings, Llc 10 percent owner 333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Thrc Management, Llc 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Thrc Holdings, Lp 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Staci Wilks 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437