Virtus Oil & Gas (Virtus Oil & Gas) Total Current Liabilities : $3.40 Mil (As of Feb. 2016)

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What is Virtus Oil & Gas Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Virtus Oil & Gas's total current liabilities for the quarter that ended in Feb. 2016 was $3.40

Virtus Oil & Gas Total Current Liabilities Historical Data

The historical data trend for Virtus Oil & Gas'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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Virtus Oil & Gas Total Current Liabilities Chart

Virtus Oil & Gas Annual Data

Trend Nov10 Nov11 Nov12 Nov13 Nov14 Nov15

Total Current Liabilities

Get a 7-Day Free Trial 0.05 0.03 0.11 0.35 2.98

Virtus Oil & Gas Quarterly Data

May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16

Total Current Liabilities Get a 7-Day Free Trial 0.51 0.77 1.57 2.98 3.40

Virtus Oil & Gas Total Current Liabilities Calculation

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

Virtus Oil & Gas's Total Current Liabilities for the fiscal year that ended in Nov. 2015 is calculated as

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

= 1.775 + 0.494

+ Other Current Liabilities + Current Deferred Liabilities

= 0.71 + 0

= 2.98

Virtus Oil & Gas's Total Current Liabilities for the quarter that ended in Feb. 2016 is calculated as

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

= 1.836 + 0.47

+ Other Current Liabilities + Current Deferred Liabilities

= 1.091 + 0

= 3.40

* 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

Virtus Oil & Gas Total Current Liabilities Related Terms
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Virtus Oil & Gas (Virtus Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Virtus Oil & Gas Corp (GREY:VOIL) » Definitions » Total Current Liabilities

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Traded in Other Exchanges

N/A

Address

1517 San Jacinto Street, Houston, TX, USA, 77002

Website

https://www.virtusoil.com

Virtus Oil & Gas Corp is an oil and gas exploration and development company. It is focused on the acquisition and exploration of oil and natural gas properties. The company operates Tin Cup Mesa Unit and Squaw Canyon, which are located in the Paradox Basin producing in the Upper Ismay formation. Its properties are located at in Iron County in southern Utah of the United States.

Virtus Oil & Gas (Virtus Oil & Gas) Headlines

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Virtus Oil & Gas Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
Total Current Liabilities	Get a 7-Day Free Trial															0.51	0.77	1.57	2.98	3.40

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	1.775	+	0.494
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	0.71	+	0
	=	2.98