GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Key Energy Services Inc (OTCPK:KEGX) » Definitions » Total Current Liabilities

Key Energy Services (Key Energy Services) Total Current Liabilities

: $61.6 Mil (As of Sep. 2020)
View and export this data going back to 1992. Start your Free Trial

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Key Energy Services's total current liabilities for the quarter that ended in Sep. 2020 was $61.6

Key Energy Services Total Current Liabilities Historical Data

The historical data trend for Key Energy Services'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.

Key Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Total Current Liabilities
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 154.48 116.80 103.78 103.46 102.33

Key Energy Services Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Total Current Liabilities 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 Premium Member Only Premium Member Only Premium Member Only 94.81 102.33 74.72 61.32 61.61

Key Energy Services Total Current Liabilities Calculation

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

Key Energy Services's Total Current Liabilities for the fiscal year that ended in Dec. 2019 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=61.663+5.421
+Other Current Liabilities+Current Deferred Liabilities
=35.25+0
=102.3

Key Energy Services's Total Current Liabilities for the quarter that ended in Sep. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=32.792+3.203
+Other Current Liabilities+Current Deferred Liabilities
=25.615+0
=61.6

* 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

Key Energy Services Total Current Liabilities Related Terms

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

Key Energy Services (Key Energy Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Key Energy Services Inc (OTCPK:KEGX) » Definitions » Total Current Liabilities
Comparable Companies
GEOS NGS PKDC ERA FTK CVIA TUSK RNGR NINE CELP SLB BKR HAL SHSE:601808 MIL:TEN XAMS:VPK NOV XKLS:7277 SZSE:002353 SHSE:600968
Traded in Other Exchanges
N/A
Address
1301 McKinney Street, Suite 1800, Houston, TX, USA, 77010
Website
https://www.keyenergy.com
Key Energy Services Inc is an onshore, rig-based well-servicing contractor. It provides a full range of well-services to oil companies, and independent oil and natural gas production companies. Its services include rig-based and coiled tubing-based well maintenance and workover services, well completion and re-completion services, fluid management services, fishing, and rental services, and other ancillary oilfield services. Its segment includes Rig Services, Fishing, and Rental Services, Coiled Tubing Services and Fluid Management Services within the United States. The company derives the maximum revenue from the Rig Services segment.
Executives
Louis Coale officer: VP and Controller 41 ROLLING LINKS SPRING TX 77386
Nelson Haight officer: Chief Financial Officer 4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027
Marcus C Rowland director 920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Alan B. Menkes director 1160 DAIRY ASHFORD RD, STE 160, HOUSTON TX 77079
Katherine Hargis officer: VP, CLO and Secretary 1301 MCKINNEY STREET SUITE 1800 HOUSTON TX 77010
Sherman Iii Edmiston director ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141
Wommack H H Iii director SOUTHWEST ROYALTIES INC, 407 N BIG SPRING STREET SUITE 300, MIDLAND TX 79701
Jacob Kotzubei director 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
J Marshall Dodson officer: President, CEO, Interim CFO C/O KEY ENERGY SERVICES, INC. 1301 MCKINNEY STREET, SUITE 1800 HOUSTON TX 77010
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Blackrock Inc. 10 percent owner 50 HUDSON YARDS, NEW YORK NY 10001
Bluemountain Capital Management, Llc 10 percent owner 280 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10017
Bluemountain Gp Holdings, Llc 10 percent owner 280 PARK AVENUE,, 12TH FLOOR, NEW YORK NY 10017
Blue Mountain Credit Alternatives Master Fund L.p. 10 percent owner C/O BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 5TH FLOOR EAST, NEW YORK NY 10017