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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. CLS Holdings USA's total current liabilities for the quarter that ended in Feb. 2024 was $13.53
The historical data trend for CLS Holdings USA'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.
CLS Holdings USA Annual Data | |||||||||||||||||||||
Trend | May14 | May15 | May16 | May17 | May18 | May19 | May20 | May21 | May22 | May23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 6.93 | 1.88 | 4.98 | 28.11 | 16.34 |
CLS Holdings USA Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Total Current Liabilities | Get a 7-Day Free Trial | 16.27 | 16.34 | 17.44 | 19.45 | 13.53 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
CLS Holdings USA's Total Current Liabilities for the fiscal year that ended in May. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 10.116 | + | 6.225 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 0 | |
= | 16.34 |
CLS Holdings USA's Total Current Liabilities for the quarter that ended in Feb. 2024 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 11.517 | + | 2.015 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | -0.00099999999999945 | + | 0 | |
= | 13.53 |
* 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 CLS Holdings USA's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Ross Silver | director | 516 SW 13TH STREET, SUITE 201, BEND OR 97702 |
Andrew Glashow | director | 1C BOWENS LANDING, NEWPORT RI 02840 |
Tribeca Investment Partners Pty Ltd | 10 percent owner | LEVEL 23, 1 O'CONNELL STREET, SYDNEY C3 2000 |
David Zelinger | director | C/O CLS HOLDINGS USA, INC., 11767 SOUTH DIXIE HIGHWAY, SUITE 115, MIAMI FL 33156 |
Charlene Soco | officer: Executive VP of Finance | C/O CLS HOLDINGS USA, INC., 11767 SOUTH DIXIE HIGHWAY, SUITE 115, MIAMI FL 33156 |
Chetan Gulati | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Todd V Swanson | 10 percent owner | 10120 W. FLAMINGO ROAD, #4333, LAS VEGAS NV 89147 |
Gregg E. Carlson | officer: Chief Financial Officer | 2342 MALAGA PEAK STREET, LAS VEGAS NV 89135 |
Navy Capital Green Management Llc | 10 percent owner, other: See Remark(1) | 482 BAYBERRY LANE, MOUNTAINSIDE NJ 07092 |
Navy Capital Green Co-invest Partners Llc | 10 percent owner, other: See Remark(1) | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Navy Capital Green Co-invest Fund, Llc | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Navy Capital Green Management Partners Llc | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
John Kaden | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Sean Stiefel | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Navy Capital Green Fund, Lp | 10 percent owner, other: See Remark(2) | NAVY CAPITAL GREEN MANAGEMENT, LLC, 28 REICHERT CIRCLE, WESTPORT CT 06880 |
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