GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Optimi Health Corp (XCNQ:OPTI) » Definitions » Total Current Liabilities

Optimi Health (XCNQ:OPTI) Total Current Liabilities : C$1.34 Mil (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Optimi Health Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Optimi Health's total current liabilities for the quarter that ended in Mar. 2024 was C$1.34

Optimi Health Total Current Liabilities Historical Data

The historical data trend for Optimi Health'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.

Optimi Health Total Current Liabilities Chart

Optimi Health Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Total Current Liabilities
0.75 2.24 0.73 1.61

Optimi Health Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.70 1.12 1.61 0.98 1.34

Optimi Health Total Current Liabilities Calculation

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

Optimi Health's Total Current Liabilities for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.461+0.037
+Other Current Liabilities+Current Deferred Liabilities
=-0.00099999999999989+0.113
=1.61

Optimi Health'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
=1.186+0.039
+Other Current Liabilities+Current Deferred Liabilities
=2.2204460492503E-16+0.113
=1.34

* 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

Optimi Health Total Current Liabilities Related Terms

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

Optimi Health Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Optimi Health Corp (XCNQ:OPTI) » Definitions » Total Current Liabilities
Comparable Companies
TSXV:ROMJ XCNQ:RWB TSX:CWEB XCNQ:TRIP TSXV:PCLO TSX:LABS TSXV:VM XCNQ:BCBC XCNQ:EPIC XCNQ:FFNT ZTS XTER:MRK NSE:SUNPHARMA LSE:HLN TSE:4502 XSWX:GALD XTAE:TEVA XSWX:SDZ NSE:DIVISLAB NBIX
Traded in Other Exchanges
OPTHF:USA 8BN:Germany
Address
21 Water Street, Suite 600, Vancouver, BC, CAN, V6B 1A1
Website
https://www.optimihealth.ca
Optimi Health Corp operates in developing a vertically integrated Canadian functional mushroom brand that focuses on the health and wellness sector. The company has one reportable operating segment being that of the farming, processing, and distribution of raw mushroom biomass. It also intends to cultivate, extract, process, and distribute strains of fungi products at its facilities located in Princeton, British Columbia.
Executives
Dane Nicholas Stevens Director, Senior Officer
Bryan Edward Safarik Director, Senior Officer
William John Ciprick Senior Officer
Jacob Frederick Safarik Director, Senior Officer
Jonathan Schintler Director
John James Wilson Director
Michael Alan Stier Director