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Smith-Midland (Smith-Midland) Total Current Liabilities : $12.93 Mil (As of Sep. 2023)


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What is Smith-Midland Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Smith-Midland's total current liabilities for the quarter that ended in Sep. 2023 was $12.93

Smith-Midland Total Current Liabilities Historical Data

The historical data trend for Smith-Midland'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.

Smith-Midland Total Current Liabilities Chart

Smith-Midland Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.86 9.60 8.90 13.90 11.22

Smith-Midland Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 10.86 11.22 13.19 13.01 12.93

Smith-Midland Total Current Liabilities Calculation

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

Smith-Midland's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=6.761+0.695
+Other Current Liabilities+Current Deferred Liabilities
=0.788+2.98
=11.22

Smith-Midland's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=6.893+0.669
+Other Current Liabilities+Current Deferred Liabilities
=0.774+4.589
=12.93

* 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

Smith-Midland Total Current Liabilities Related Terms

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Smith-Midland (Smith-Midland) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Smith-Midland Corp (NAS:SMID) » Definitions » Total Current Liabilities
Comparable Companies
CAPT RETO BASA MCEM CRH XSWX:HOLN MLM VMC NSE:ULTRACEMCO NSE:GRASIM BOM:500425 XTER:HEI SHSE:600585 XKRX:003670 ASX:JHX CEMEXCPO BOM:500387 EXP NSA:DCP SZSE:000877
Traded in Other Exchanges
N/A
Address
5119 Catlett Road, P.O. Box 300, Midland, VA, USA, 22728
Website
https://www.smithmidland.com
Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets sells and installs precast concrete products for primary use in the construction, highway, utilities and farming industries. The firm's customers are general contractors and federal, state and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra wall and Easi set. A substantial portion of the company's business is derived from local, state and federal building projects. The company generates revenues primarily from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility and farming industries.
Executives
Wesley A Taylor director, officer: Vice President C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Stephanie Poe officer: Chief Financial Officer 5119 CATLETT ROAD, MIDLAND VA 22728
Ashley B Smith director, officer: Vice President C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Rodney I Smith director, officer: Chief Executive Officer C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Adam Jay Krick officer: Chief Financial Officer 5119 CATLETT ROAD, MIDLAND VA 22728
James Russell Bruner director 5119 CATLETT ROAD, MIDLAND VA 22728
Richard Gerhardt director 5229 CATLETT ROAD, MIDLAND VA 20728
Russell Frederick L. Jr. 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Partners, Llc 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Partners Ii, Llc 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Ii, Lp 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Tall Cotton Partners, Llc 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Gerhard E Borst director 5119 CATLETT ROAD, MIDLAND VA 22728
David W Wright 10 percent owner
Canine Partners Llc 10 percent owner 255 SO 17TH ST, SUITE 2501, PHILADELPHIA PA 19103