GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » Total Current Liabilities

MJ Harvest (MJ Harvest) Total Current Liabilities : $6.97 Mil (As of Feb. 2023)


View and export this data going back to 2004. Start your Free Trial

What is MJ Harvest Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. MJ Harvest's total current liabilities for the quarter that ended in Feb. 2023 was $6.97

MJ Harvest Total Current Liabilities Historical Data

The historical data trend for MJ 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.

* Premium members only.

MJ Harvest Total Current Liabilities Chart

MJ Harvest Annual Data
Trend May19 May20 May21 May22
Total Current Liabilities
0.02 0.10 0.53 0.67

MJ Harvest Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
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 1.36 0.67 3.10 5.04 6.97

MJ Harvest Total Current Liabilities Calculation

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

MJ Harvest's Total Current Liabilities for the fiscal year that ended in May. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.519+0.154
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.67

MJ Harvest's Total Current Liabilities for the quarter that ended in Feb. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.011+4.876
+Other Current Liabilities+Current Deferred Liabilities
=0.082+0
=6.97

* 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

MJ Harvest Total Current Liabilities Related Terms

Thank you for viewing the detailed overview of MJ Harvest's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

MJ Harvest (MJ Harvest) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » Total Current Liabilities
Comparable Companies
PHOT WARM GWW FAST FERG WSO POOL ASX:REH XKRX:047050 WCC OSTO:INDT SITE TSX:TIH AIT MSM CNM LSE:DPLM BECN WBO:ANDR TSX:FTT
Traded in Other Exchanges
N/A
Address
9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139
Website
https://www.mjharvestinc.com
MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.
Executives
David Tobias director PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell director, 10 percent owner 14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr officer: CFO 5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton director, 10 percent owner, officer: Chief Executive Officer 9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139