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Torchlight Energy Resources (Torchlight Energy Resources) Total Current Liabilities : $0.69 Mil (As of Mar. 2021)


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What is Torchlight Energy Resources Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Torchlight Energy Resources's total current liabilities for the quarter that ended in Mar. 2021 was $0.69

Torchlight Energy Resources Total Current Liabilities Historical Data

The historical data trend for Torchlight Energy Resources'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.

Torchlight Energy Resources Total Current Liabilities Chart

Torchlight Energy Resources Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.28 2.28 2.20 13.96 2.90

Torchlight Energy Resources Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 3.68 16.25 18.26 2.90 0.69

Torchlight Energy Resources Total Current Liabilities Calculation

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

Torchlight Energy Resources's Total Current Liabilities for the fiscal year that ended in Dec. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.897+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=2.90

Torchlight Energy Resources's Total Current Liabilities for the quarter that ended in Mar. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.69+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.69

* 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

Torchlight Energy Resources Total Current Liabilities Related Terms

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Torchlight Energy Resources (Torchlight Energy Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Torchlight Energy Resources Inc (NAS:TRCH) » Definitions » Total Current Liabilities
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INDO CHAP PRT VOC PER CRBO AXAS DENR CHKR SNDE HKSE:00883 COP MIC:NVTK EOG TSE:8031 TSX:CNQ PXD HES ASX:WPL OXY
Traded in Other Exchanges
N/A
Address
5700 W. Plano Parkway, Suite 3600, Plano, TX, USA, 75093
Website
https://www.torchlightenergy.com
Torchlight Energy Resources Inc acquires, explores, exploits, and develops oil and natural gas properties in the United States. It is primarily focused on the acquisition of early-stage projects, the development and delineation of the projects, and then the monetization of those assets once these activities are completed. The firm's primary interests include the Orogrande Project in Hudspeth County, Texas and the Hazel Project in the Midland Basin.
Executives
Alexandre Zyngier director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Greg Mccabe director, 10 percent owner 500 WEST TEXAS AVE., SUITE 890, MIDLAND TX 79701
Roger N Wurtele officer: Chief Financial Officer 5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
John A. Brda director, officer: President and CEO 1425 FRONTENAY, WARSON WOODS MO 63122
Michael James Graves director 5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Robert Lance Cook director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75903
Robert David Newton director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Mccabe Petroleum Corp 10 percent owner P.O. BOX 11188, MIDLAND TX 79702
Ernest Scott Kimbrough director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Shockey Eunis Lorance Jr director 10827 STONE CANYON ROAD, DALLAS TX 75230
Mcandrew Willard Greer Iii other: Former Officer and Director 5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Jerry D Barney 10 percent owner 841 ANDREW RUN, CANYON LAKE TX 78133
Edward J Devereaux director 1713 VILLA COURT, CORINTH TX 76210
G Mc Exploration, Llc 10 percent owner 400 PINE STREET, SUITE 700, ABILENE TX 79601
Robert Kenneth Dulin 10 percent owner 8449 GREENWOOD DRIVE, NIWOT CO 80503