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Pacific Ventures Group (Pacific Ventures Group) Total Current Liabilities : $11.35 Mil (As of Sep. 2023)


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What is Pacific Ventures Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Pacific Ventures Group's total current liabilities for the quarter that ended in Sep. 2023 was $11.35

Pacific Ventures Group Total Current Liabilities Historical Data

The historical data trend for Pacific Ventures Group'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.

Pacific Ventures Group Total Current Liabilities Chart

Pacific Ventures Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.95 3.86 7.38 8.40 11.05

Pacific Ventures Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.23 11.05 11.34 11.47 11.35

Pacific Ventures Group Total Current Liabilities Calculation

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

Pacific Ventures Group's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=5.419+5.63
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=11.05

Pacific Ventures Group's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=7.018+4.333
+Other Current Liabilities+Current Deferred Liabilities
=-0.00099999999999945+0
=11.35

* 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

Pacific Ventures Group Total Current Liabilities Related Terms

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Pacific Ventures Group (Pacific Ventures Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Pacific Ventures Group Inc (OTCPK:PACV) » Definitions » Total Current Liabilities
Comparable Companies
RELT CHJI BONL IDTA PDNLA ESMC MTLK GFMH RJDG AFDG SYY LSE:BNZL XLIS:JMT USFD PFGC BKK:CPAXT JSE:BID BSP:CRFB3 SGX:VC2 ASX:MTS
Traded in Other Exchanges
N/A
Address
117 West 9th Street, Suite 316, Los Angeles, CA, USA, 90015
Website
https://www.pacvgroup.com
Pacific Ventures Group Inc is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. Its customers range from a wide variety of restaurants, including many well-known in Southern CA, to institutions, schools, and re-distributors such as U.S. Foods and Sysco as well as to local distributors. It supplies wholesale food and restaurant supplies to San Diego, Los Angeles, Orange, and Riverside and offers same-day service. In addition, it has clients in Arizona and Colorado that come to its facility to pick up their orders.
Executives
Shannon Masjedi director, 10 percent owner, officer: PRESIDENT, COO, AND SECRETARY 117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Marc Shenkman director, officer: EXECUTIVE VICE PRESIDENT 117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Robert Emmitt Smith director, officer: CHAIRMAN OF THE BOARD & CEO 117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Kent R. Sumner 10 percent owner 1248 BATEMAN PONDS WAY, WEST JORDAN UT 84084
Marion Philip Guthrie 10 percent owner THREE LINCOLN CENTRE, 5430 LBJ FWY., SUITE 1480, DALLAS TX 75240
Kip Eardley director, 10 percent owner, officer: President & Secretary P.O. BOX 901658, SANDY UT 84090

Pacific Ventures Group (Pacific Ventures Group) Headlines

From GuruFocus

Pacific Ventures Group's Q2 2020 Revenue Expected At $8.5 Million, a 650% Increase Over Q2 2019

By ACCESSWIRE ACCESSWIRE • 08-05-2020

Pacific Ventures Reports Record First Quarter 2022 Results; Revenues Increased 43% YoY to $10.4 Million

By ACCESSWIRE ACCESSWIRE • 05-24-2022

Pacific Ventures Reports Second Quarter 2022 Results; 2022 YTD Revenues Increased 11% YoY to $20.1 Million

By ACCESSWIRE ACCESSWIRE • 08-25-2022

Pacific Ventures Group's Seaport Meat Company Reports Revenue Growth of 13% for the First Quarter 2021

By ACCESSWIRE ACCESSWIRE • 05-20-2021

CORRECTED: Pacific Ventures Group Records Best June Month in Company History with More Than $3.0 Million in Revenue

By ACCESSWIRE ACCESSWIRE • 07-06-2020

Pacific Ventures to Host Virtual Roadshow Webinar on Tuesday, July 26, 2022 at 11:30 a.m. Eastern Time

By ACCESSWIRE ACCESSWIRE • 07-21-2022

Pacific Ventures Group Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program

By ACCESSWIRE ACCESSWIRE • 02-15-2022

Pacific Ventures Group's April 2021 Revenue Expected at $3.6 Million, a 91% Increase over April 2020

By ACCESSWIRE ACCESSWIRE • 06-30-2021

Pacific Ventures' Seaport Meat Company Launches Direct-to-Customer Online Sales Platform

By ACCESSWIRE • 12-04-2023

Pacific Ventures Group's Seaport Meat Company and San Diego Farmers Outlet Add to its Fleet of Trucks to Expand Service to Existing and New Customers

By ACCESSWIRE ACCESSWIRE • 03-09-2021