iNeedMD Holdings (iNeedMD Holdings) Total Current Liabilities : $1.80 Mil (As of Mar. 2016)

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What is iNeedMD Holdings Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. iNeedMD Holdings's total current liabilities for the quarter that ended in Mar. 2016 was $1.80

iNeedMD Holdings Total Current Liabilities Historical Data

The historical data trend for iNeedMD Holdings'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.

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iNeedMD Holdings Total Current Liabilities Chart

iNeedMD Holdings Annual Data

Trend Nov12 Nov13 Nov14 Dec15

Total Current Liabilities

0.01 0.04 0.09 3.89

iNeedMD Holdings Quarterly Data

Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Mar15 Jun15 Sep15 Dec15 Mar16

Total Current Liabilities Get a 7-Day Free Trial 2.38 2.71 2.87 3.89 1.80

iNeedMD Holdings Total Current Liabilities Calculation

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

iNeedMD Holdings's Total Current Liabilities for the fiscal year that ended in Dec. 2015 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 3.069 + 0.2

+ Other Current Liabilities + Current Deferred Liabilities

= 0.584 + 0.036

= 3.89

iNeedMD Holdings's Total Current Liabilities for the quarter that ended in Mar. 2016 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 1.394 + 0.2

+ Other Current Liabilities + Current Deferred Liabilities

= 0.0010000000000001 + 0.206

= 1.80

* 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

iNeedMD Holdings Total Current Liabilities Related Terms
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iNeedMD Holdings (iNeedMD Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iNeedMD Holdings Inc (GREY:NEMD) » Definitions » Total Current Liabilities

Comparable Companies

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Traded in Other Exchanges

N/A

Address

650 First Avenue, Third Floor, New York, NY, USA, 10016

Website

http://www.ineedmd.com

iNeedMD Holdings Inc is a United States of America based medical device development company. The company's products include The EKG Glove and Portable ECG devices. Its product development programs focus on easy-to-use systems for collecting a plurality of diagnostic information and transmitting that data to local and remote locations. The EKG Glove provides healthcare workers with a standardized ECG solution that enables to quickly and accurately assess an individual's cardiac health.

Executives

Thomas Albert Nicolette director, officer: President and CEO 7 SPRING HOLLOW ROAD, CENTERPORT NY 11721

iNeedMD Holdings (iNeedMD Holdings) Headlines

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iNeedMD Holdings Quarterly Data
	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Mar15	Jun15	Sep15	Dec15	Mar16
Total Current Liabilities	Get a 7-Day Free Trial										2.38	2.71	2.87	3.89	1.80

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	3.069	+	0.2
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	0.584	+	0.036
	=	3.89