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Dril-Quip (Dril-Quip) Total Current Liabilities : $117.7 Mil (As of Dec. 2023)


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What is Dril-Quip Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Dril-Quip's total current liabilities for the quarter that ended in Dec. 2023 was $117.7

Dril-Quip Total Current Liabilities Historical Data

The historical data trend for Dril-Quip'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.

Dril-Quip Total Current Liabilities Chart

Dril-Quip Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.94 85.51 93.66 87.56 117.70

Dril-Quip Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 87.56 83.36 88.12 106.74 117.70

Dril-Quip Total Current Liabilities Calculation

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

Dril-Quip'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
=93.967+2.118
+Other Current Liabilities+Current Deferred Liabilities
=14.035+7.583
=117.7

Dril-Quip's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=93.967+2.118
+Other Current Liabilities+Current Deferred Liabilities
=14.035+7.583
=117.7

* 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

Dril-Quip Total Current Liabilities Related Terms

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Dril-Quip (Dril-Quip) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dril-Quip Inc (NYSE:DRQ) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
DQU:Germany
Address
2050 West Sam Houston Parkway S., Suite 1100, Houston, TX, USA, 77042
Website
https://www.dril-quip.com
Dril-Quip Inc. designs, manufactures, sells and services engineered drilling and production equipment for both offshore and onshore applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere (including North and South America), Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East).
Executives
Terence Bartlett Jupp director 6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
James C. Webster officer: VP - Gen Counsel & Secretary 13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Jeffrey J. Bird officer: Vice President and CFO 10260 WESTHEIMER RD., HOUSTON TX 77042
Kyle Mcclure officer: Vice President and CFO 10260 WESTHEIMER RD, SUITE 700, HOUSTON TX 77042
Donald M Underwood officer: VP - Subsea Products 6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
Carri A. Lockhart director 6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
A P Shukis director C/O CORPORATE STRATEGIES INC, 1170 ST JAMES PLACE SUITE 115, HOUSTON TX 77056
Blake T. Deberry director, officer: President and CEO 13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Raj Kumar officer: VP-Finance & Chief Acct. Off. 6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
Darryl Keith Willis director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
John Lovoi director 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Amy B Schwetz director 701 MARKET STREET, ST. LOUIS MO 63101
James A. Gariepy officer: SR V.P. and COO 13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Jerry M Brooks officer: Chief Financial Officer
Robertson L H Dick director 39 LAKESIDE DRIVE, STAR HARBOR, MALAKOFF TX 75148