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Micropac Industries (Micropac Industries) Total Current Liabilities : $3.85 Mil (As of Feb. 2024)


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What is Micropac Industries Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Micropac Industries's total current liabilities for the quarter that ended in Feb. 2024 was $3.85

Micropac Industries Total Current Liabilities Historical Data

The historical data trend for Micropac Industries'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.

Micropac Industries Total Current Liabilities Chart

Micropac Industries Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.87 2.17 5.09 4.43 4.72

Micropac Industries Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 3.36 3.11 3.70 4.72 3.85

Micropac Industries Total Current Liabilities Calculation

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

Micropac Industries's Total Current Liabilities for the fiscal year that ended in Nov. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.715+0.432
+Other Current Liabilities+Current Deferred Liabilities
=0.958+0.618
=4.72

Micropac Industries's Total Current Liabilities for the quarter that ended in Feb. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.101+0.436
+Other Current Liabilities+Current Deferred Liabilities
=0.861+0.455
=3.85

* 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

Micropac Industries Total Current Liabilities Related Terms

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Micropac Industries (Micropac Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Micropac Industries Inc (OTCPK:MPAD) » Definitions » Total Current Liabilities
Comparable Companies
DSWL LGL DAIO CPSH REFR HOLO SGMA NEON INRD MMAT APH TPE:2317 TEL TSE:6981 SZSE:002475 GLW TPE:2308 XKRX:006400 SZSE:000725 TSE:6762
Traded in Other Exchanges
N/A
Address
905 East Walnut Street, Garland, TX, USA, 75040
Website
https://www.micropac.com
Micropac Industries Inc manufactures and distributes a range of hybrid microelectronic circuits, solid-state relays (SSRs), power controllers, and optoelectronic components and assemblies. Its products are used as components in a range of military, space, and industrial systems, including aircraft instrumentation and navigation systems, power supplies, electronic controls, computers, medical devices, and high-temperature products. The company's core technology is the packaging and interconnecting of multi-chip microelectronics modules. Other technologies include light-emitting, and light-sensitive materials and products, including light-emitting diodes (LEDs) and silicon phototransistors used in the company's optoelectronic components and assemblies.
Executives
Mark W King director, officer: Chief Executive Officer 2905 WYNDHAM LANE, RICHARDSON TX 75082
Richard K Hoesterey director 7852 LA COSA DRIVE, DALLAS TX 75248
Eugene A. Robinson director 1200 LAKE POINT CIRCLE, MCKINNEY TX 75070
Heinz-werner Hempel director, 10 percent owner AM WALL 127 D-281951, BREMEN 2M 00000
Micropac Industries, Inc. 10 percent owner AM WALL 127 D-281951 1, BREMEN 2M 00000
Patrick Cefalu officer: CFO 8706 ARBORSIDE, ROWLETT TX 75089
Wood Connie J. director 877 FM 2948, COMO TX 75431
H. Kent Hearn director 1409 BRIAR HOLLOW, GARLAND TX 75043

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