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NRDE (Nu Ride) Total Current Liabilities : $1.78 Mil (As of Sep. 2024)


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What is Nu Ride Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Nu Ride's total current liabilities for the quarter that ended in Sep. 2024 was $1.78

Nu Ride Total Current Liabilities Historical Data

The historical data trend for Nu Ride'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.

Nu Ride Total Current Liabilities Chart

Nu Ride Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
24.99 34.07 147.61 68.83 15.40

Nu Ride Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 22.58 15.40 11.09 1.73 1.78

Nu Ride Total Current Liabilities Calculation

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

Nu Ride'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
=15.398+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=15.40

Nu Ride's Total Current Liabilities for the quarter that ended in Sep. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.777+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=1.78

* 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

Nu Ride Total Current Liabilities Related Terms

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

Nu Ride Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nu Ride Inc (OTCPK:NRDE) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
2300 Hallock Young Road, Lordstown, OH, USA, 44481
Website
https://www.lordstownmotors.com
Nu Ride Inc formerly Lordstown Motors Corp is an electric vehicle innovator developing high-quality light duty commercial fleet vehicles, with the Endurance all electric pick-up truck as its first vehicle being launched in the Lordstown, Ohio facility. The Company is in its final design and testing phase related to their production of the Endurance and has yet to bring a completed product to market.
Executives
Stephen S. Burns director, officer: Chief Executive Officer C/O ADVANCED MECHANICAL PRODUCTS, INC., 4540 ALPINE ROAD, BLUE ASH OH 45242
Anderson Joseph B Jr director MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
Edward T. Hightower officer: President C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Donna Bell officer: EVP, PROD CRTN, ENG & SUPP CHN C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Jane Ritson-parsons officer: CHIEF OPERATING OFFICER C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Laura J. Soave director C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Daniel A Ninivaggi director, officer: CHIEF EXECUTIVE OFFICER C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153
Melissa A. Leonard officer: EVP, GEN. COUNSEL & SECRETARY C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Adam B Kroll officer: CHIEF FINANCIAL OFFICER 475 QUAKER MEETING HOUSE RD, HONEOYE FALLS NY 14472
Rebecca A Roof officer: Interim CFO C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Chuan D. Vo officer: Vice President of Propulsion C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Julio C. Rodriguez officer: Chief Financial Officer 315 CHELSEY CT., ALPHARETTA GA 30004
Darren Post officer: Vice President of Engineering C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Phil Richard Schmidt officer: Chief Production Officer C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Shane Brown officer: Chief Production Officer 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481

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