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Scientific Industries (Scientific Industries) Total Current Liabilities : $1.84 Mil (As of Dec. 2023)


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What is Scientific 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. Scientific Industries's total current liabilities for the quarter that ended in Dec. 2023 was $1.84

Scientific Industries Total Current Liabilities Historical Data

The historical data trend for Scientific 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.

Scientific Industries Total Current Liabilities Chart

Scientific Industries Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.59 2.19 2.29 2.23 1.84

Scientific Industries 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 - 2.14 1.71 2.18 1.84

Scientific 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.

Scientific Industries'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
=1.49+0.324
+Other Current Liabilities+Current Deferred Liabilities
=-0.0010000000000001+0.024
=1.84

Scientific Industries'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
=1.49+0.324
+Other Current Liabilities+Current Deferred Liabilities
=-0.0010000000000001+0.024
=1.84

* 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

Scientific Industries Total Current Liabilities Related Terms

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Scientific Industries (Scientific Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Scientific Industries Inc (OTCPK:SCND) » Definitions » Total Current Liabilities
Comparable Companies
FCUV ACFN ELSE QURT LCTC WATT BNSOF DPLS MIND SOBR TSE:6861 OSTO:HEXA B GRMN FTV KEYS TDY TRMB COHR MKSI TSE:7701
Traded in Other Exchanges
N/A
Address
80 Orville Drive, Suite 102, Bohemia, NY, USA, 11716
Website
https://www.scientificindustries.com
Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.
Executives
Bleichroeder Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Marcus Frampton director, 10 percent owner 800 F STREET, UNIT #P2, JUNEAU AK 99801
Jurgen Walter Schumacher director WARTAWEIL 14, HERRSCHING 2M 82211
Reginald Averilla officer: Chief Financial Officer 175-20 WEXFORD TERRACE, APT 2X, JAMAICA NY 11432
Joseph G Cremonese director C/O SCIENTIFIC INDUSTRIES INC, 70 ORVILLE DR, BOHEMIA NY 11716
John A Moore director 403 MARSH LANE, WILMINGTON DE 19807
Helena R Santos director, officer: President and CEO
Veradace Partners Lp 10 percent owner 2626 COLE AVENUE, SUITE 300, DALLAS TX 75204
James B Polk officer: Chief Commercial Officer 7550 GLEN RIDGE DRIVE, CASTLE PINES CO 80101
Roy T Eddleman 10 percent owner 110 W. GEORGE BURNS ROAD, SUITE D-4018, LOS ANGELES CA 90048
Lyon Polk 10 percent owner 1585 BROADWAY, 22ND FLOOR, NEW YORK NY 10036
Christopher T Cox 10 percent owner CADWALADER, WICKERSHAM & TAFT LLP, ONE WORLD FINANCIAL CENTER, NEW YORK NY 10281
Robert Nichols officer: Secretary C/O SCIENTIFIC INDUSTRIES, INC., 70 ORVILLE DRIVE, BOHEMIA NY 11716
Watkins John F F director 469 PUMPKIN LANE, CLINTON CORNERS NY 12514
Karl Nowosielski officer: President-Division C/O SCIENTIFIC INDUSTRIES, 70 ORVILLE DRIVE, BOHEMIA NY 11716