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NIC (EGOV) Total Current Liabilities : $158.0 Mil (As of Dec. 2020)


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What is NIC Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. NIC's total current liabilities for the quarter that ended in Dec. 2020 was $158.0

NIC Total Current Liabilities Historical Data

The historical data trend for NIC'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.

NIC Total Current Liabilities Chart

NIC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 99.80 119.09 89.13 100.59 158.00

NIC Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 100.59 121.77 116.35 149.33 158.00

NIC Total Current Liabilities Calculation

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

NIC's Total Current Liabilities for the fiscal year that ended in Dec. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=143.428+4.078
+Other Current Liabilities+Current Deferred Liabilities
=10.491+0
=158.0

NIC's Total Current Liabilities for the quarter that ended in Dec. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=143.428+4.078
+Other Current Liabilities+Current Deferred Liabilities
=10.491+0
=158.0

* 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

NIC Total Current Liabilities Related Terms

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NIC (EGOV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » NIC Inc (NAS:EGOV) » Definitions » Total Current Liabilities
Comparable Companies
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Traded in Other Exchanges
N/A
Address
25501 West Valley Parkway, Suite 300, Olathe, KS, USA, 66061
Website
https://www.egov.com
NIC Inc is a leading provider of digital government services that help governments use technology to provide a higher level of service to businesses and citizens and increase efficiencies. The company has two operating channels: state enterprise businesses and software and services businesses. In State enterprise businesses, the company enters into long-term contracts with state and local governments to design, build and operate Internet-based, enterprise-wide portals on their behalf, the software and services businesses provide software development and payment processing services, other than outsourced portal services, to state and local governments as well as federal agencies. It generates a majority of its revenue from the State Enterprise.
Executives
Venmal (raji) Arasu director 25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Douglas Rogers officer: Sr VP, Business Development 25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061
Elizabeth Mccarrell Proudfit officer: Sr VP, Marketing & Comm 25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061
Sylvester Jr. James director 25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061
Elizabeth Amegan Thomas officer: Chief of Staff 25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061
Brian Gerald Anderson officer: Chief Technology Officer C/O NIC INC. 25501 WEST VALLEY PARKWAY, SUITE 300 OLATHE KS 66061
Art N Burtscher director C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114
Alexander C Kemper director C/O NIC INC., 25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Peter B Wilson director 10540 SOUTH RIDGEVIEW ROAD OLATHE KS 66061
William M Lyons director 225 WEST WACKER DRIVE, CHICAGO IL 60606
Charles Bradford Henry director 25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061
Jayaprakash Vijayan director 25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Anthony Scott director 25501 WEST VALLEY PARKWAY, OLATHE KS 66061
Van Asselt William A. officer: General Counsel 25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061
Harry Herington director, officer: Chair of Board & CEO 25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061