Nova Leap Health (TSXV:NLH) Total Current Liabilities : C$2.30 Mil (As of Mar. 2024)

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What is Nova Leap Health Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Nova Leap Health's total current liabilities for the quarter that ended in Mar. 2024 was C$2.30

Nova Leap Health Total Current Liabilities Historical Data

The historical data trend for Nova Leap Health'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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Nova Leap Health Total Current Liabilities Chart

Nova Leap Health Annual Data

Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22

Total Current Liabilities

Get a 7-Day Free Trial 6.81 6.24 5.35 7.97 5.42

Nova Leap Health Quarterly Data

Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24

Total Current Liabilities Get a 7-Day Free Trial 5.42 4.83 3.42 3.13 2.30

Nova Leap Health Total Current Liabilities Calculation

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

Nova Leap Health'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

= 1.766 + 3.653

+ Other Current Liabilities + Current Deferred Liabilities

= -0.0010000000000003 + 0

= 5.42

Nova Leap Health'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

= 1.758 + 0.544

+ Other Current Liabilities + Current Deferred Liabilities

= 0 + 0

= 2.30

* 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

Nova Leap Health Total Current Liabilities Related Terms
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Nova Leap Health (TSXV:NLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Leap Health Corp (TSXV:NLH) » Definitions » Total Current Liabilities

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TSXV:PHA TSXV:NPTH TSXV:KDA TSXV:JNH TSXV:ELM TSX:NUMI TSX:AIDX HCA SZSE:300015 SAU:4013 HKSE:06618 XTER:FRE BKK:BDMS XKLS:5225 BSP:RDOR3 XTER:FME UHS CHE NSE:APOLLOHOSP AGL

Traded in Other Exchanges

NVLPF:USA

Address

7071 Bayers Road, Suite 3006, Halifax, NS, CAN, B3L 2C2

Website

https://www.novaleaphealth.com

Nova Leap Health Corp operates in the healthcare industry. The company is a provider of personal home care and support services. The principal business activities of the company and its subsidiaries are to provide skilled and non-medical home care to clients. Its service offering includes meal preparation, housekeeping, transportation, personal care, and medication reminders. Its segments comprise Canadian and U.S operations. The company derives a majority of its revenue from the United States.

Executives

Christopher Donald Dobbin Director, Senior Officer

Nova Leap Health (TSXV:NLH) Headlines

No Headlines

Nova Leap Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Total Current Liabilities	Get a 7-Day Free Trial															5.42	4.83	3.42	3.13	2.30

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	1.766	+	3.653
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	-0.0010000000000003	+	0
	=	5.42