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IonQ (IONQ) Total Current Liabilities : $34.71 Mil (As of Mar. 2024)


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What is IonQ Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. IonQ's total current liabilities for the quarter that ended in Mar. 2024 was $34.71

IonQ Total Current Liabilities Historical Data

The historical data trend for IonQ'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.

IonQ Total Current Liabilities Chart

IonQ Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
1.88 9.69 20.16 37.16

IonQ Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 20.86 23.63 28.60 37.16 34.71

IonQ Total Current Liabilities Calculation

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

IonQ'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
=23.975+0.71
+Other Current Liabilities+Current Deferred Liabilities
=0.392+12.087
=37.16

IonQ'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
=16.393+1.178
+Other Current Liabilities+Current Deferred Liabilities
=0.392+16.742
=34.71

* 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

IonQ Total Current Liabilities Related Terms

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IonQ (IONQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IonQ Inc (NYSE:IONQ) » Definitions » Total Current Liabilities
Comparable Companies
CRCT CRSR SSYS NNDM DDD CAN DM VLD RGTI INVE ANET DELL SZSE:002415 HPQ TSE:7751 TPE:2382 SHSE:688041 NTAP STX HKSE:00992
Traded in Other Exchanges
N/A
Address
4505 Campus Drive, College Park, MD, USA, 20740
Website
https://www.ionq.com
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
Executives
Rima Alameddine officer: Chief Revenue Officer C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Peter Hume Chapman director, officer: President and CEO C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Jungsang Kim director, officer: Chief Strategy Officer C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Thomas G. Kramer officer: Chief Financial Officer C/O OPOWER, INC., 1515 NORTH COURTHOUSE ROAD, 8TH FLOOR, ARLINGTON VA 22201
Christopher Monroe officer: Chief Scientist C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Laurie A. Babinski officer: General Counsel and Secretary C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
Wendy Thomas director C/O SECUREWORKS CORP., ONE CONCOURSE PARKWAY NE, SUITE 500, ATLANTA GA 30328
Kathryn K. Chou director C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740
New Enterprise Associates 15, L.p. 10 percent owner 1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM MD 21093
Gv 2016 Gp, L.l.c. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW MA 94043
Inder M Singh director C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Harry L. You director, 10 percent owner, officer: Chairman EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
2019, L.p. Gv 10 percent owner 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Gv 2019 Gp, L.p. 10 percent owner 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Gv 2019 Gp, L.l.c. 10 percent owner 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043