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Sonic (SONC) Total Current Liabilities : $62.1 Mil (As of Aug. 2018)


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What is Sonic Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Sonic's total current liabilities for the quarter that ended in Aug. 2018 was $62.1

Sonic Total Current Liabilities Historical Data

The historical data trend for Sonic'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.

Sonic Total Current Liabilities Chart

Sonic Annual Data
Trend Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.51 87.82 74.66 58.62 62.08

Sonic Quarterly Data
Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18
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 58.62 47.99 48.58 58.51 62.08

Sonic Total Current Liabilities Calculation

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

Sonic's Total Current Liabilities for the fiscal year that ended in Aug. 2018 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=54.652+6.704
+Other Current Liabilities+Current Deferred Liabilities
=0+0.723
=62.1

Sonic's Total Current Liabilities for the quarter that ended in Aug. 2018 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=54.652+6.704
+Other Current Liabilities+Current Deferred Liabilities
=0+0.723
=62.1

* 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

Sonic Total Current Liabilities Related Terms

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Sonic (SONC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Sonic Corp (NAS:SONC) » Definitions » Total Current Liabilities
Comparable Companies
TSE:7616 ARCO LSE:EIG TSE:7630 TSE:3387 EAT HKSE:00341 TSE:9861 TSE:7412 DIN LSE:DOM SHSE:603043 JACK PLAY TSE:3397 HKSE:00520 TSE:2157 CAKE TSE:7581 PZZA
Traded in Other Exchanges
N/A
Address
Website
http://www.sonicdrivein.com
Sonic Corp operates and franchises drive-in restaurants throughout the United States. The restaurants typically consist of a building that houses only a kitchen to go along with 16 to 24 parking spaces that have their own payment terminals, intercom speakers, and menu boards. Carhops serve customers in their cars. Many locations also have a drive-thru lane and patio seating as alternatives. Sonic franchises roughly 90% of its restaurants, and the royalty revenue the company earns on franchise sales contributes roughly a quarter of total company revenue. Company-operated stores provide the balance of total revenue. Sonic owns the property on which hundreds of its restaurants are located. For those properties that house franchised stores, franchisees lease from the company.
Executives
Steven A Davis director 3776 SOUTH HIGH ST, COLUMBUS OH 43207
Lauren R Hobart director 345 COURT STREET, CORAOPOLIS PA 15275
Tony Bartel director 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Kathy L Taylor director C/O FREDERIC DORWART LAWYERS, 124 EAST FOURTH STREET, TULSA OK 74103
Pedro Claudia San officer: President 300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK 73104
Kate S Lavelle director 24089 3RD STREET, FAIRHOPE AL 36532
Federico F Pena director 711 HIGH STREET, DES MOINES IA 50392-0300
J Larry Nichols director DEVON ENERGY CORP, 20 NORTH BROADWAY STE 1500, OKLAHOMA CITY OK 73102-8260
Southeastern Asset Management Inc/tn/ 10 percent owner 6410 POPLAR AVENUE, SUITE 900, MEMPHIS TN 38119
Longleaf Partners Funds Trust 10 percent owner C/O SOUTHEASTERN ASSET MANAGEMENT, 6410 POPLAR AVE, SUITE 900, MEMPHIS TN 38119
Todd Whitney Smith officer: President and CMO 300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK 73104
Craig Jeffrey Miller officer: Former Officer of Subsidiary 5008 HARTRIDGE WAY, GREENSBORO NC 27407
Robert M Rosenberg director
Michael J Maples director 2208 WINDSOR ROAD, AUSTIN TX 78703
Douglas N Benham director

Sonic (SONC) Headlines

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