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Adit Edtech Acquisition (Adit Edtech Acquisition) Total Current Liabilities : $8.59 Mil (As of Sep. 2023)


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What is Adit Edtech Acquisition Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Adit Edtech Acquisition's total current liabilities for the quarter that ended in Sep. 2023 was $8.59

Adit Edtech Acquisition Total Current Liabilities Historical Data

The historical data trend for Adit Edtech Acquisition'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.

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Adit Edtech Acquisition Total Current Liabilities Chart

Adit Edtech Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Total Current Liabilities
0.48 3.32 7.14

Adit Edtech Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.36 7.14 7.47 7.81 8.59

Adit Edtech Acquisition Total Current Liabilities Calculation

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

Adit Edtech Acquisition'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
=5.742+0.3
+Other Current Liabilities+Current Deferred Liabilities
=1.093+0
=7.14

Adit Edtech Acquisition's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=6.653+1.942
+Other Current Liabilities+Current Deferred Liabilities
=-0.00099999999999945+0
=8.59

* 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

Adit Edtech Acquisition Total Current Liabilities Related Terms

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Adit Edtech Acquisition (Adit Edtech Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adit Edtech Acquisition Corp (AMEX:ADEX) » Definitions » Total Current Liabilities
Comparable Companies
PMGM BLAC MSSA VII IMAQ NBST RWOD FSRX ATMC QDRO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105
Website
https://www.aditedtech.com
Adit Edtech Acquisition Corp is a blank check company.
Executives
Sharmila Kassam director 4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter officer: See Remarks 44 FENNO RD, NEWTON MA 02459
David L. Shrier director, officer: President and CEO 250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Jacob Cohen director 613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy director 704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino officer: See Remarks 201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Adit Edtech Sponsor, Llc 10 percent owner 515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Eric L Munson director 1100 SE ATLANTIC DRIVE, LANTANA FL 33462

Adit Edtech Acquisition (Adit Edtech Acquisition) Headlines

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