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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Forte Biosciences's total current liabilities for the quarter that ended in Mar. 2024 was $3.33
The historical data trend for Forte Biosciences'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.
Forte Biosciences Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Total Current Liabilities | 2.26 | 1.76 | 3.18 | 3.67 |
Forte Biosciences Quarterly Data | |||||||||||||||||||
Jun19 | Sep19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Current Liabilities | Get a 7-Day Free Trial | 3.76 | 6.30 | 7.47 | 3.67 | 3.33 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Forte Biosciences'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 |
= | 2.719 | + | 0 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0.947 | + | 0 | |
= | 3.67 |
Forte Biosciences's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 2.498 | + | 0 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0.834 | + | 0 | |
= | 3.33 |
* 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
Thank you for viewing the detailed overview of Forte Biosciences's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul A. Wagner | director, officer: See Remarks | C/O PFENEX INC., 10790 ROSELLE STREET, SAN DIEGO CA 92121 |
David W Gryska | director | 749 N MARY AVE, SUNNYVALE CA 94085 |
Scott C. Brun | director | C/O CABALETTA BIO, INC., 2929 ARCH STREET, SUITE 600, PHILADELPHIA PA 19104 |
Hubert C Chen | officer: See remarks | C/O PFENEX INC., 10790 ROSELLE STREET, SAN DIEGO CA 92121 |
Stephen K Doberstein | director | 129 ELSIE STREET, SAN FRANCISCO CA 94110 |
Barbara K Finck | director | C/O PROTINE DESIGN LAB, 3858 JACKSON ST, SAN FRANCISCO CA 94118 |
Antony A Riley | officer: Chief Financial Officer | C/O KRYSTAL BIOTECH, INC., 2100 WHARTON STREET, SUITE 701, PITTSBURGH PA 94538 |
Thomas E Darcy | director | C/O SCIENCE APPLICATIONS INTL CORP, 10260 CAMPUS POINT DR., SAN DIEGO CA 92121 |
Donald Allen Williams | director | C/O PRYOR CASHMAN LLP, 7 TIMES SQUARE, NEW YORK NY 10036 |
Patricia S Walker | director | 5540 EKWILL ST STE D, SANTA BARBARA CA 93111 |
Lawrence Eichenfield | director | C/O FORTE BIOSCIENCES, INC., 1124 W. CARSON ST., MRL BLDG 3-320, TORRANCE CA 90502 |
Steven Kornfeld | director | C/O FORTE BIOSCIENCES, INC., 1124 W. CARSON ST., MRL BLDG 3-320, TORRANCE CA 90502 |
Steven Michael Oliveira | 10 percent owner | 18 FIELDSTONE COURT, NEW CITY NY 10956 |
Fairooz Kabbinavar | officer: SVP Clinical Development | C/O TOCAGEN INC., 4242 CAMPUS POINT COURT, STE. 500, SAN DIEGO CA 92121 |
Mark G Foletta | officer: EVP & Chief Financial Officer | AMYLIN PHARMACEUTICALS INC, 9360 TOWNE CENTRE DR, SAN DIEGO CA 92121 |
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