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Modern Plant Based Foods (XCNQ:MEAT) Total Current Liabilities : C$1.46 Mil (As of Feb. 2024)


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What is Modern Plant Based Foods Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Modern Plant Based Foods's total current liabilities for the quarter that ended in Feb. 2024 was C$1.46

Modern Plant Based Foods Total Current Liabilities Historical Data

The historical data trend for Modern Plant Based Foods'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.

Modern Plant Based Foods Total Current Liabilities Chart

Modern Plant Based Foods Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Aug20 Aug21 Aug22 Aug23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.82 1.40 1.05 1.65

Modern Plant Based Foods Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.36 1.43 1.65 1.85 1.46

Modern Plant Based Foods Total Current Liabilities Calculation

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

Modern Plant Based Foods's Total Current Liabilities for the fiscal year that ended in Aug. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.99+0.658
+Other Current Liabilities+Current Deferred Liabilities
=-2.2204460492503E-16+0.002
=1.65

Modern Plant Based Foods's Total Current Liabilities for the quarter that ended in Feb. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.043+0.419
+Other Current Liabilities+Current Deferred Liabilities
=2.2204460492503E-16+0.001
=1.46

* 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

Modern Plant Based Foods Total Current Liabilities Related Terms

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Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
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Address
700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3
Website
https://www.themodernmeat.com
Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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