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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. Indoor Harvest's total current liabilities for the quarter that ended in Sep. 2023 was $0.89
The historical data trend for Indoor Harvest'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.
Indoor Harvest Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 2.65 | 4.33 | 44.75 | 0.14 | 0.23 |
Indoor Harvest Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Total Current Liabilities | Get a 7-Day Free Trial | 0.12 | 0.23 | 0.34 | 0.67 | 0.89 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Indoor Harvest'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 |
= | 0.233 | + | 0 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 0 | |
= | 0.23 |
Indoor Harvest'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 |
= | 0.527 | + | 0.359 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 0 | |
= | 0.89 |
* 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 Indoor Harvest's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel Patrick Weadock | director, officer: Chief Executive Officer | C/O INDOOR HARVEST CORP, 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020 |
Benjamin Godoy Coleman | 10 percent owner | 8518 PEGASUS DR, SELMA TX 78154 |
Lang Coleman | director | 8518 PEGASUS DR, SELMA TX 78154 |
Sandra Fowler | officer: Chief Marketing Officer | C/O INDOOR HARVEST CORP., 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020 |
Sykes Chad Colin | director, 10 percent owner, officer: CEO | 14830 FOREST LODGE DR., HOUSTON TX 77070 |
Pawel Hardej | director | 6304 INDIAN CANYON DR., AUSTIN TX 78746 |
William Jamieson | director | PO BOX 47700, PHOENIX AZ 85068 |
John Alexander Zimmerman | director | 10258 TIMBER TRAIL DR., DALLAS TX 75229 |
John Choo | director, officer: President | 4 NANAIMO DR., OTTAWA A6 K2H 6X5 |
Annette Lee Knebel | director, officer: Chief Accounting Officer | C/O INDOOR HARVEST CORP., 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020 |
Richard A. Gutshall | director, officer: Interim CEO and CFO | 7716 ORISHA DRIVE, AUSTIN TX 78739 |
John Irving Seckman | director | P.O BOX 3009, IDAHO SPRINGS CO 80452 |
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