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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. Forbes Energy Services's total current liabilities for the quarter that ended in Mar. 2020 was $100.2
The historical data trend for Forbes Energy Services'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.
Forbes Energy Services Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 46.43 | 338.77 | 27.16 | 93.50 | 98.67 |
Forbes Energy Services Quarterly Data | ||||||||||||||||||||
Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | |
Total Current Liabilities | Get a 7-Day Free Trial | 39.42 | 86.26 | 88.97 | 98.67 | 100.18 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Forbes Energy Services's Total Current Liabilities for the fiscal year that ended in Dec. 2019 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 23.053 | + | 73.535 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 2.081 | |
= | 98.7 |
Forbes Energy Services's Total Current Liabilities for the quarter that ended in Mar. 2020 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 25.647 | + | 74.535 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 1.4210854715202E-14 | + | 0 | |
= | 100.2 |
* 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 Forbes Energy Services's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Ascribe Associates Iii, Llc | 10 percent owner, other: See Remarks | 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171 |
Solace General Partner, Llc | 10 percent owner, other: See Remarks | 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025 |
Solace Forbes Holdings, Llc | 10 percent owner, other: See Remarks | 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025 |
American Securities Llc | 10 percent owner, other: See Remarks | 590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022 |
Ascribe Opportunities Fund Iii(b), L.p. | 10 percent owner, other: See Remarks | C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000 |
Ascribe Opportunities Fund Iii, L.p. | 10 percent owner, other: See Remarks | C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000 |
Solace Capital Special Situations Fund, L.p. | 10 percent owner, other: See Remarks | 11111 SANTA MONICA BOULEVARD SUITE 1275 LOS ANGELES CA 90025 |
Ascribe Capital Llc | 10 percent owner, other: See Remarks | 590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022 |
Ascribe Iii Investments Llc | 10 percent owner, other: See Remarks | 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171 |
Solace Capital Partners, L.p. | 10 percent owner, other: See Remarks | 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025 |
L Melvin Cooper | officer: Senior Vice President & CFO | 2930 W. SAM HOUSTON PARKWAY N, SUITE 300, HOUSTON TX 77043 |
Steve Macek | officer: EVP, COO | 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332 |
John E. Crisp | director, officer: President & CEO | 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332 |
Joe Michetti | officer: President & Co-COO of FES LLC | 18001 HIGHWAY 105 WEST, SUITE 102 MONTGOMERY TX 77356 |
David B Rosenwasser | director | 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332 |
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