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Green Scientific Labs Holdings (XCNQ:GSL) Total Current Liabilities : C$5.90 Mil (As of Mar. 2023)


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What is Green Scientific Labs 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. Green Scientific Labs Holdings's total current liabilities for the quarter that ended in Mar. 2023 was C$5.90

Green Scientific Labs Holdings Total Current Liabilities Historical Data

The historical data trend for Green Scientific Labs 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.

* Premium members only.

Green Scientific Labs Holdings Total Current Liabilities Chart

Green Scientific Labs Holdings Annual Data
Trend Apr20 Apr21 Dec22
Total Current Liabilities
0.62 0.46 5.59

Green Scientific Labs Holdings Quarterly Data
Jan20 Apr20 Jul20 Jan21 Apr21 Jul21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.97 3.03 3.27 5.59 5.90

Green Scientific Labs 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.

Green Scientific Labs Holdings'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
=2.017+0.52
+Other Current Liabilities+Current Deferred Liabilities
=3.051+0
=5.59

Green Scientific Labs Holdings's Total Current Liabilities for the quarter that ended in Mar. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.117+0.65
+Other Current Liabilities+Current Deferred Liabilities
=3.137+0
=5.90

* 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

Green Scientific Labs Holdings Total Current Liabilities Related Terms

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Green Scientific Labs Holdings (XCNQ:GSL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Scientific Labs Holdings Inc (XCNQ:GSL) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314
Website
https://www.greenscientificlabs.com
Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.