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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. LogicMark's total current liabilities for the quarter that ended in Mar. 2024 was $2.23
The historical data trend for LogicMark'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.
LogicMark Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 5.67 | 6.47 | 1.34 | 2.41 | 2.05 |
LogicMark Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | 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 | 1.27 | 1.29 | 1.93 | 2.05 | 2.23 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
LogicMark'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 |
= | 1.985 | + | 0.068 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 0 | |
= | 2.05 |
LogicMark'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 |
= | 2.157 | + | 0.071 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 0 | |
= | 2.23 |
* 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 LogicMark's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Carine Schneider | director | C/O LOGICMARK INC., 2801 DIODE LANE, LOUISVILLE KY 40299 |
Robert Arthur Curtis | director | C/O TECHNEST HOLDINGS, INC., 10411 MOTOR CITY DR. #650, BETHESDA MD 20817 |
Barbara Gutierrez | director | 8950 E. LOWRY BLVD., DENVER CO 80230 |
John P Pettitt | director | 3031 TISCH WAY, STE 900, SAN JOSE CA 95128 |
Sherice Torres | director | PO BOX 20833, SAN JOSE CA 95160 |
Mark Archer | officer: Chief Financial Officer | C/O NXT-ID, INC., 2801 DIODE LANE, LOUISVILLE KY 40299 |
Chia-lin Simmons | director, officer: Chief Executive Officer | 288 CHRISTIAN STREET, HANGAR C 2ND FLOOR, OXFORD CT 06478 |
Michael Joseph Orlando | director, officer: Chief Operating Officer | 1806 145TH PL SE, MILL CREEK WA 98012 |
C. David Tunnell | director, 10 percent owner, officer: Chief Technology Officer | 1721 WINDING RIDGE CIRCLE SE, PALM BAY FL 32909 |
Worldventures Holdings, Llc | 10 percent owner | 5100 TENNYSON PARKWAY, PLANO TX 75024 |
Wayne Tilman Nugent | 10 percent owner | 5100 TENNYSON PARKWAY, PLANO TX 75024 |
Stanley Eric Washington | director | 3745 OLYMPIAD DRIVE, LOS ANGELES CA 90043 |
Vincent S Miceli | officer: Vice President and CFO | 87 GRANDVIEW AVENUE, WATERBURY CT 06708 |
Daniel P Sharkey | director | |
Michael D'almada-remedios | director | 5610 TROON COURT, DISCOVERY BAY CA 94505-9299 |
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