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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Marine Products's total current liabilities for the quarter that ended in Dec. 2023 was $22.6
The historical data trend for Marine Products'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.
Marine Products Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 17.04 | 21.66 | 18.07 | 23.59 | 22.57 |
Marine Products 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 | 23.59 | 34.23 | 28.42 | 28.28 | 22.57 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Marine Products'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 |
= | 20.257 | + | 0 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 1.656 | + | 0.654 | |
= | 22.6 |
Marine Products'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 |
= | 20.257 | + | 0 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 1.656 | + | 0.654 | |
= | 22.6 |
* 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
Thank you for viewing the detailed overview of Marine Products's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Gary W. Rollins Voting Trust U/a Dated September 14, 1994 | 10 percent owner | C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY, NE, ATLANTA GA 30329 |
Amy Rollins Kreisler | director | 2801 BUFORD HIGHWAY, NE, SUITE 520, ATLANTA GA 30329 |
Lor Inc | 10 percent owner | C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329 |
Michael Schmit | officer: CFO and Corporate Secretary | 3055 TORRINGTON DRIVE, BALL GROUND GA 30107 |
John F Wilson | director | 2170 PIEDMONT ROAD, NE, ATLANTA GA 30324 |
Ben M Palmer | officer: VP, CFO and Treasurer | C/O MARINE PRODUCTS CORP, 2170 PIEDMONT RD, NE, ATLANTA GA 30324 |
Susan R. Bell | director | 852 CASTLE FALLS DR., ATLANTA GA 30329 |
Patrick J. Gunning | director | 1958 CALDER COURT, DUNWOODY GA 30338 |
Harry J Cynkus | director | 2170 PIEDMONT RD, ATLANTA GA 30324 |
Jerry W Nix | director | 2999 WILDWOOD PARKWAY, ATLANTA GA 30339 |
2007 Gwr Grandchildren's Partnership | 10 percent owner | C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329 |
Rollins Holding Company, Inc. | 10 percent owner | C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329 |
1997 Rrr Grandchildren's Partnership | 10 percent owner | C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329 |
Rft Investment Company, Llc | 10 percent owner | C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329 |
Rctlor, Llc | 10 percent owner | C/O RFA MANAGEMENT COMPANY, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329 |
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