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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. W&T Offshore's total current liabilities for the quarter that ended in Dec. 2023 was $216.9
The historical data trend for W&T Offshore'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.
W&T Offshore Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 189.96 | 115.00 | 324.38 | 792.33 | 216.85 |
W&T Offshore 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 | 792.33 | 182.35 | 209.23 | 215.67 | 216.85 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
W&T Offshore'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 |
= | 148.209 | + | 30.823 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 37.82 | + | 0 | |
= | 216.9 |
W&T Offshore'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 |
= | 148.209 | + | 30.823 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 37.82 | + | 0 | |
= | 216.9 |
* 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 W&T Offshore's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Sameer Parasnis | officer: EVP & Chief Financial Officer | 1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201 |
Nancy T Chang | director | 101 WESTCOTT, SUITE 603, HOUSTON TX 77007 |
Jonathan Charles Curth | officer: See Remarks | 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057 |
Hartman Bart P. Iii | officer: VP and CAO | 5718 WESTHEIMER RD. SUITE 700, HOUSTON TX 77057 |
Conwill Daniel O. Iv | director | 400 POYDRAS STREET, SUITE 3100, NEW ORLEANS LA 70130 |
Shahid Ghauri | officer: SEE REMARKS | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
Virginia Boulet | director | 909 POYDRAS ST SUITE 3600, NEW ORLEANS LA 70112 |
B Frank Stanley | director | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
Tracy W Krohn | director, 10 percent owner, officer: Chairman & CEO | EIGHT GREENWAY PLAZA, HOUSTON TX 77046 |
Stuart B Katz | director | 520 MADISON AVE., NEW YORK NY 10022 |
William J Williford | officer: EVP and GM of Gulf of Mexico | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
David M Bump | officer: See Remarks | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
Sunghee Janet Yang | officer: SEE REMARKS | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
Stephen L Schroeder | officer: SVP & Chief Technical Officer | C/O W&T OFFSHORE, INC., EIGHT GREENWAY PLAZA, SUITE 1330, HOUSTON TX 77046 |
John D Gibbons | officer: SVP & Chief Financial Officer | P.O. BOX 500, SAN ANTONIO TX 78292-0500 |
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