NoFire Technologies (NoFire Technologies) Total Current Liabilities

: $7.35 Mil (As of May. 2010)

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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. NoFire Technologies's total current liabilities for the quarter that ended in May. 2010 was $7.35

NoFire Technologies Total Current Liabilities Historical Data

The historical data trend for NoFire Technologies'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.

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NoFire Technologies Annual Data

Trend Aug00 Aug01 Aug02 Aug03 Aug04 Aug05 Aug06 Aug07 Aug08 Aug09

Total Current Liabilities

3.82 4.79 5.07 5.69 5.69

NoFire Technologies Quarterly Data

Aug05 Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10

Total Current Liabilities 5.69 5.69 6.98 6.63 7.35

NoFire Technologies Total Current Liabilities Calculation

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

NoFire Technologies's Total Current Liabilities for the fiscal year that ended in Aug. 2009 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 1.859 + 1.005

+ Other Current Liabilities + Current Deferred Liabilities

= 0.377 + 2.45

= 5.69

NoFire Technologies's Total Current Liabilities for the quarter that ended in May. 2010 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 2.523 + 1.232

+ Other Current Liabilities + Current Deferred Liabilities

= 0.378 + 3.217

= 7.35

* 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

NoFire Technologies Total Current Liabilities Related Terms
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NoFire Technologies (NoFire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NoFire Technologies Inc (OTCPK:NFTI) » Definitions » Total Current Liabilities

Comparable Companies

WAR:BPN NSE:ABMINTLTD IST:UZERB NSE:HINDCON NSE:AHIMSA SGX:M15 PVNNF CLTH BOM:530475 OSTO:DEFL B ASX:RAN BOM:539982 BOM:524818 BOM:524038 BOM:524576 BOM:523594 BOM:504092 BOM:506605 BOM:507813 BOM:530825

Traded in Other Exchanges

N/A

Address

5 James Street, South Hackensack, NJ, USA, 07606

Website

https://www.nofire.com

NoFire Technologies Inc is engaged in the development of non-toxic and fire-retardant coatings and textile wrap systems. It serves residential, commercial, industrial, maritime, and military applications.

Executives

Andrew H Tisch 10 percent owner 667 MADISON AVE, NEW YORK NY 10021-8087

NoFire Technologies (NoFire Technologies) Headlines

No Headlines

NoFire Technologies Quarterly Data
	Aug05	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10
Total Current Liabilities																5.69	5.69	6.98	6.63	7.35

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	1.859	+	1.005
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	0.377	+	2.45
	=	5.69