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Group Nine Acquisition (Group Nine Acquisition) Total Current Liabilities : $4.03 Mil (As of Sep. 2022)


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What is Group Nine Acquisition Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Group Nine Acquisition's total current liabilities for the quarter that ended in Sep. 2022 was $4.03

Group Nine Acquisition Total Current Liabilities Historical Data

The historical data trend for Group Nine Acquisition'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.

Group Nine Acquisition Total Current Liabilities Chart

Group Nine Acquisition Annual Data
Trend Dec20 Dec21
Total Current Liabilities
0.45 3.71

Group Nine Acquisition Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Current Liabilities Get a 7-Day Free Trial 1.71 3.71 4.17 4.50 4.03

Group Nine Acquisition Total Current Liabilities Calculation

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

Group Nine Acquisition's Total Current Liabilities for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.977+0.729
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=3.71

Group Nine Acquisition's Total Current Liabilities for the quarter that ended in Sep. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.938+0.094
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=4.03

* 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

Group Nine Acquisition Total Current Liabilities Related Terms

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Group Nine Acquisition (Group Nine Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Group Nine Acquisition Corp (NAS:GNACW) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
568 Broadway, Floor 10, New York, NY, USA, 10012
Website
https://www.gnacinc.com
Group Nine Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.