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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. Processa Pharmaceuticals's total current liabilities for the quarter that ended in Mar. 2024 was $1.01
The historical data trend for Processa Pharmaceuticals'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.
Processa Pharmaceuticals Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 1.19 | 1.22 | 0.97 | 1.00 | 0.73 |
Processa Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Current Liabilities | Get a 7-Day Free Trial | 2.16 | 0.82 | 0.83 | 0.73 | 1.01 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Processa Pharmaceuticals's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 0.647 | + | 0.084 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 0 | |
= | 0.73 |
Processa Pharmaceuticals's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 0.921 | + | 0.09 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | -2.2204460492503E-16 | + | 0 | |
= | 1.01 |
* 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 Processa Pharmaceuticals's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Wendy Guy | officer: Chief Administrative Officer | 7380 COCA COLA DRIVE, SUITE 106, HANOVER MD 21076 |
James H Stanker | officer: Chief Financial Officer | 9008 SHADYBROOK DRIVE, FREDERICK MD 21701 |
Patrick Lin | officer: Chief Business - Strategy Off | 7380 COCA COLA DRIVE, SUITE 106, HANOVER MD 21076 |
George K Ng | officer: Chief Executive Officer | C/O SORRENTO THERAPEUTICS, INC., 6042 CORNERSTONE COURT WEST, SUITE B, SAN DIEGO CA 92121 |
Khoso Baluch | director | 1430 US HIGHWAY 206, SUITE 200, BEDMINSTER NJ 07921 |
James R Neal | director | 2910 SEVENTH STREET, BERKELEY CA 94710 |
Virgil Thompson | director | 319 SOUTH NARDO, SOIANA BEACH CA 92075 |
Justin W Yorke | director | C/O JMG EXPLORATION, 180 SOUTH LAKE AVENUE, PASADENA CA 91101 |
Geraldine Pannu | director | 7380 COCA COLA DRIVE, SUITE 106, HANOVER MD 21076 |
David Young | director, 10 percent owner, officer: President & CEO | 8850 STANFORD BOULEVARD, SUITE 2500, COLUMBIA MD 21045 |
Robert Michael Floyd | officer: Chief Operating Officer | C/O PROCESSA PHARMACEUTICALS, INC., 7300 COCA COLA DRIVE, SUITE 106, HANOVER MD 21076 |
James E Besser | 10 percent owner | 3 WEST HILL PLACE, BOSTON MA 02114 |
Khalid Islam | director | C/O IMMUNOMEDICS, INC., 300 THE AMERICAN ROAD, MORRIS PLAINS NJ 07950 |
Sian Bigora | officer: Chief Development Officer | 7380 COCA COLA DRIVE, SUITE 106, HANOVER MD 21076 |
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