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Kona Gold Beverage (Kona Gold Beverage) Total Current Liabilities : $6.40 Mil (As of Sep. 2023)


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What is Kona Gold Beverage Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Kona Gold Beverage's total current liabilities for the quarter that ended in Sep. 2023 was $6.40

Kona Gold Beverage Total Current Liabilities Historical Data

The historical data trend for Kona Gold Beverage'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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Kona Gold Beverage Total Current Liabilities Chart

Kona Gold Beverage Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Current Liabilities
Get a 7-Day Free Trial 1.23 1.52 2.00 4.13 5.30

Kona Gold Beverage 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 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 5.23 5.30 5.75 6.36 6.40

Kona Gold Beverage Total Current Liabilities Calculation

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

Kona Gold Beverage'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
=1.379+3.119
+Other Current Liabilities+Current Deferred Liabilities
=0.797+0
=5.30

Kona Gold Beverage'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
=1.849+3.573
+Other Current Liabilities+Current Deferred Liabilities
=0.978+0
=6.40

* 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

Kona Gold Beverage Total Current Liabilities Related Terms

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Kona Gold Beverage (Kona Gold Beverage) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Kona Gold Beverage Inc (OTCPK:KGKG) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
746 North Drive, Suite A, Melbourne, FL, USA, 32934
Website
https://www.konagoldhemp.com
Kona Gold Beverage Inc is a United States-based lifestyle hemp company. The company specializes in developing hemp and CBD products in the functional beverage and fitness markets. The company focuses on the hemp energy drink, low-carb and low-calorie lemonade, and CBD water markets. It generates maximum revenue from retail products.
Executives
Lori A Radcliffe officer: CFO 1356 GEM CIR, ROCKLEDGE FL 32955
Christopher Selinger officer: VP OF SALES 11 BELLWOOD FARM LANE, GREENVILLE SC 29607
Matthew R Crystal director 4937 PASADENA WAY, BROOMFIELD CO 80023
William Jeffrey Outlaw director 8512 MEADOW VIEW LANE, BAHAMA NC 27503
Robert Clark director, 10 percent owner, officer: CEO 7823 DESMOND AVE, MELBOURNE FL 32940